Data protection benefits for you (2024)

Personal data and its processing is a core component of any organisation’s activities, no matter how big or small they are. Here arefive reasons why data protection is importantand why it is beneficial for your organisation to comply with data protection law:

1. It is a fundamental right protected by law.

Data protection benefits for you (1)

Data protection is protected by the EU Charter of fundamental rights. The right to data protection is a right that may impact the effectiveness of other fundamental rights, such as freedom of speech, freedom of thought or freedom of assembly.

Since the General Data Protection Regulation (GDPR) came into force in May 2018, EEA organisations must ensure that individuals’ personal data is adequately protected by following certain procedures required by this Regulation. Failure to comply with the GDPR may result in a hefty fine: as high as 20 million euros or 4% of an organisation’s annual turnover.

2. It helps to build trust.

Data protection benefits for you (2)

Individuals are increasingly aware of their right to privacy and their right to the protection of their personal data.

Mismanagement of personal data can quickly damage the public reputation of an organisation and can quickly undermine the trust individuals may have, which often takes years to build. As such, an organisation that demonstrates good compliance with the GDPR, through robust procedures for example, is more likely to build trust amongst its users or customers.

3. Make data protection a part of your branding.

Data protection benefits for you (3)

An organisation known for its services, as well as its diligent approach to data protection is more likely to retain users or customers.

4. It prevents fraud and cybercrimes.

Data protection benefits for you (4)

Applying strong data protection measures and safeguards not only protects individuals’ or customers’ personal data, but also your organisation’s data. Therefore avoiding considerable problems, which may damage your reputation or your organisations’ confidential information.

5. It saves you time and money.

Data protection benefits for you (5)

Dealing with the aftermath of a personal data breach, such as a hacker attack, can be costly and time-consuming, between contacting individuals that are affected by this event and having to potentially pay fines and award damages to individuals concerned.

To reduce the risk of facing this situation, respecting the GDPR is key.

Data protection benefits for you (2024)

FAQs

Data protection benefits for you? ›

This information needs to be protected in order to prevent that data being misused by third parties for fraud, such as phishing scams and identity theft. Data protection is also crucial to help prevent cybercrimes by ensuring details (specifically banking) and contact information are protected to prevent fraud.

Why is it important to protect your personal data? ›

This information needs to be protected in order to prevent that data being misused by third parties for fraud, such as phishing scams and identity theft. Data protection is also crucial to help prevent cybercrimes by ensuring details (specifically banking) and contact information are protected to prevent fraud.

What is data protection and why do you need it? ›

By protecting data, companies can prevent data breaches, damage to reputation, and can better meet regulatory requirements. Data protection solutions rely on technologies such as data loss prevention (DLP), storage with built-in data protection, firewalls, encryption, and endpoint protection.

What are the main points of data protection? ›

Lawfulness, fairness, and transparency; ▪ Purpose limitation; ▪ Data minimisation; ▪ Accuracy; ▪ Storage limitation; ▪ Integrity and confidentiality; and ▪ Accountability. These principles are found right at the outset of the GDPR, and inform and permeate all other provisions of that legislation.

What is the purpose of data protector? ›

Data Protector is an enterprise scale data backup and restore software solution providing fully integrated functionality for heterogeneous environments. It enables data protection on tape, disk and cloud with physical or virtual data, operating systems and aplications, in data centers and remote locations.

What are the benefits of data protection for individuals? ›

It prevents fraud and cybercrimes.

Applying strong data protection measures and safeguards not only protects individuals' or customers' personal data, but also your organisation's data. Therefore avoiding considerable problems, which may damage your reputation or your organisations' confidential information.

What is the importance of protection? ›

Purpose of Protection : It will endanger the important person from bodily harm and his life; It is to protect the important person from situations such as death threats, kidnapping, armed attack, to prevent an offensive and embarrassing verbal attack, to prevent his clothes from getting soiled, and to prevent the ...

Why do we care about data protection? ›

The lack of access control regarding personal information can put individuals at risk for fraud and identity theft. Additionally, a data breach at the government level may risk the cybersecurity of entire countries. And if one occurs within your company, it could make your proprietary data accessible to a competitor.

What is the role of data protection? ›

The primary role of the data protection officer (DPO) is to ensure that her organisation processes the personal data of its staff, customers, providers or any other individuals (also referred to as data subjects) in compliance with the applicable data protection rules.

Why is data privacy important? ›

In many jurisdictions, privacy is considered a fundamental human right, and data protection laws exist to guard that right. Data privacy is also important because in order for individuals to be willing to engage online, they have to trust that their personal data will be handled with care.

What are the golden rules of data protection? ›

Necessary, proportionate, relevant, accurate, timely and secure: Ensure that the information you share is necessary for the purpose for which you are sharing it, is shared only with those people who need to have it, is accurate and up-to-date, is shared in a timely fashion, and is shared securely.

What data needs to be protected? ›

Any personal information your business holds needs to be used fairly and securely in line with data protection laws. This information could be names, addresses, emails, telephone numbers, and bank or credit card details.

What are the 3 main protection goals in information security? ›

Protection goals of information security: Conclusion

The three most important protection goals of information security are "confidentiality", "integrity" and "availability". Confidentiality: To be able to guarantee it, you must clearly define who is authorized to access this sensitive data and in what way.

What is the purpose of protecting data? ›

The basic tenet of data protection is to ensure data stays safe and remains available to its users at all times. These are the two key principles of data protection: data availability and data management.

What is data security and why is it important? ›

Data security is the process of safeguarding digital information throughout its entire life cycle to protect it from corruption, theft, or unauthorized access. It covers everything—hardware, software, storage devices, and user devices; access and administrative controls; and organizations' policies and procedures.

Why is a data protection plan important? ›

Data security plays a vital role in regulatory compliance and business governance, safeguarding data against theft, corruption, improper alteration or unauthorized access throughout the entire data lifecycle.

Why is it important to protect patients personal information? ›

Breaches of privacy and confidentiality not only may affect a person's dignity, but can cause harm. When personally identifiable health information, for example, is disclosed to an employer, insurer, or family member, it can result in stigma, embarrassment, and discrimination.

Why is it important to keep personal information confidential? ›

It prevents misuse of confidential information (illegal or immoral use). It protects reputation. Employment may depend on it (e.g. non-disclosure agreement).

Why is data security important for individuals? ›

Benefits of Data Security

Keeps your information safe: By adopting a mindset focused on data security and implementing the right set of tools, you ensure sensitive data does not fall into the wrong hands.

Why is protecting your identity important? ›

If scammers and identity thieves uncover your personally identifiable information, they can pretend to be you and create fake accounts in your name, and act in ways that could impact you now or in the future. This could include fraud like stealing money from your bank account or taking out a loan in your name.

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