http://www.mydigitalbusinessblog.com/which-incorporation-documents-to-submit-during-due-diligence
On a personal level, most people want their personal data to be secure when it’s in the hands of an organization. This expectation extends to enterprise, where strong data security is essential in retaining customers as well as building trust with employees and stakeholders.
Data security is the process of protecting digital data against destruction, theft and corruption throughout its lifespan. It encompasses everything from hardware and storage devices to user devices, software and access control. It also involves ensuring policies and procedures are in place to prevent data breaches.
Data security is generally achieved by encryption, data masking, and resilience. It is not a matter of negotiation for sensitive information that is during use, and in transit, since it renders the data unreadable to unauthorized entities. Data masking complements encryption by replacing sensitive digital information with fake information to serve purposes such as database administration research and development software testing, and user training.
Resiliency is about having backups of vital data that can be restored rapidly in the event of an incident. It also involves disposing of physical storage media such as USBs and external drives (and even printed documents and files) on a regular schedule to avoid the information from being discovered by hackers.
Data security is a major business priority since a high-profile data breach could cost companies millions of dollars in recovering and forensic costs in compliance fines, as well as lasting damage to reputation and loyalty. It’s a legal requirement well, as the General Data Protection Regulation and California Consumer Privacy Act both require companies to protect their personal information.