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Customer Data Security and Data Security Strategy

Consumers want to control their data as they lack trust in the companies handling it, which is clear from the recent laws like CCPA and GDPR.<br><br>https://qrsolutions.in/customer-data-security/<br>

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Customer Data Security and Data Security Strategy

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  1. CUSTOMER DATA SECURITY AND DATA SECURITY STRATEGY www.qrsolutions.in

  2. THE WAYS WE TAKE CARE OF CUSTOMER DATA SECURITY Customers have more concern about their privacy than any other issue. Consumers want to control their data as they lack trust in the companies handling it, which is clear from the recent laws like CCPA and GDPR. 84% consumers confirm of wanting more control over their data. Many surveys establish that the significant cause of concern for the consumers is data security and issues regarding privacy as there is a hacker attack every 39 seconds. Hence protecting the privacy and data security should become the top priority of companies, as confirmed by over 50 recent statistics. It is for continuously re-evaluating and updating their strategies and policies for privacy and data security. Critical statistics to consider: 46% consumers confirm of losing control over their data. 81% of consumers confirm they are little or no control over their data. 107 countries have proper privacy policy legislations for data security. Because of the above critical stats confirming the need for complying with the data laws, 50 stats establish the reasons for companies to prioritize consumers’ privacy. Majority of the global companies have committed to reducing the carbon footprint. There is a general shift towards digital transactions rather than printed materials. This also poses a much bigger challenge in ramping up of digital security and access management.

  3. KEEPING IT IN MIND, THE FOLLOWING ARE THE FIVE AREAS FOR DATA SECURITY STRATEGY: 1. Continuous monitoring of customer data Continuous customer data monitoring for all forms of threats is the first step of data security. It enables the customers to know details of the stored data, and the place of it as something is safe only by knowing where it is.

  4. 2. Testing to limit data damage Only periodic testing of the data will enable us to know if there is any hacking to solve it for minimizing damage. 3. Complying consumer privacy Acts Complying with the consumer privacy Acts like GDPR and CCPA will avoid hefty fines and increase the customers’ trust in the companies. 4. Transparency the key to gain customers' trust Only by being transparent on collecting, using, and protecting the customers’ data can any company gain their trust. 5. Updating the cybersecurity plan It is not enough to have a transparent cybersecurity plan with no updating. Since the hackers use developing technology, any cybersecurity plan needs to adapt to the continuous changes.

  5. THANK YOU www.qrsolutions.in

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