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Data Security Definition

Safeguarding digital data of databases, computers, or websites from cyber attacks or data breaches is referred to as data security. Data security is an integral part of IT organizations. It is also referred as information security and computer security. Backups, data masking, and data erasure are some of the processes that are used by IT experts to secure data.

Backups are used as a means to recover the lost data from another source. The procedure is highly recommended for any kind of user—be it industries or for personal use. The process of masking the data within a database ensuring that data protection is controlled and critical data is not exposed to unauthorized users. For example, customers can only see the last few digits of their bank account and the other digits are masked.  Data erasure is a procedure of software-based overwriting which overthrows the electronic data stored on a hard drive or other digital medium. This method ensures that critical data is not leaked when a system becomes obsolete or is reused. 

White PaperSecure identity and data in a hyper-connected world​

One of the critical data security processes is the encryption, where data is encoded and is not accessible to unauthorized users. In order to protect data, authentication is one of the widely-accepted methods. In authentication, users provide a password in the form of some code or biometric data to confirm his identity before accessing the secured data.

Even after spending million dollars for data security and governance, organizations often find it difficult to comprehend and secure their most valuable and confidential data. Understanding sensitive data is a vital part. It includes discerning, identifying, and organizing the data so that data experts can take the necessary steps for maintaining the data security.

MiFID II / MiFIR Transaction Reporting: A Practical Guide

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