Security and Privacy
Taxonomy | Technology and Innovation
Cybersecurity
Cybersecurity involves protecting the company’s digital assets, systems, and data from cyber threats and attacks. This includes implementing security measures such as firewalls, encryption, and intrusion detection systems. Strong cybersecurity practices safeguard sensitive information, ensure business continuity, and maintain customer trust.
Data Privacy
Data privacy focuses on ensuring that customer and company data is handled responsibly and in compliance with relevant regulations. This includes implementing data protection policies, conducting privacy impact assessments, and ensuring data access controls. Effective data privacy practices build customer trust and prevent data breaches.
Compliance with Regulations
Compliance with regulations involves adhering to laws and standards that govern data security, privacy, and business operations. This includes staying updated on regulatory requirements, conducting audits, and implementing compliance programs. Ensuring regulatory compliance mitigates legal risks, avoids penalties, and upholds the company’s reputation.