How to Make Your Information-Sensitive Business a Security-Conscious Environment?

Modern business cannot be imagined without the use of computers and information technologies. Any company at different stages of business processes all kinds of information data.

Make Your Information-Sensitive Business a Security-Conscious Environment

Information-sensitive businesses should consider collaborating or establishing partnerships with other organizations. Such a relationship will allow participants to gain additional resources and opportunities, which means that they can implement a project on the use of big data faster and more efficiently. Partnering with other companies can be challenging – partners’ expectations and goals for profit margins and self-development can differ significantly. 

This security-conscious environment can be overcome if companies manage to establish short-term partnerships to adapt to changing market conditions. It is impossible for a corporation to implement its data processing strategy alone because valuable datasets can belong to different actors (for example, customers and government agencies), and specialized solutions are needed to extract, transform and analyze data. The processing of personal data is strictly regulated by law, and compliance with legal requirements should be approached with the utmost care.

With regard to customers and citizens who generate large amounts of data (generated by Internet search, geolocation, payment transactions, etc.), the situation is clear: the more transparent the company’s tasks, for the solution of which it is necessary to obtain personal data, and the methods of processing such information, the more willingly customers provide information about themselves. Therefore, companies should pay special attention to complying with the law and provide customers with certain tools to manage their data. An example of such a tool is a personal data panel.

The methods of data room comparison can be used to process data both in real-time and in the background. Companies are increasingly using real-time analytics to anticipate potential problems such as fraud or piracy. Complex event processing is used to track multiple events within an organization, identify the most significant ones, manage them in real-time, and predict possible consequences. This method allows companies to quickly respond to any threat or attack, streamline routine work operations and improve the quality of services provided. For example, new risk analysis tools designed to detect fraud are helping to better deal with this threat.

5 Key Principles of How to Make Your Information-Sensitive Business a Security-Conscious Environment

The company must decide whether or not it should disclose its data projects in order to provide open access to information for the social economy. They can open non-strategic data to the ecosystem and provide open datasets to support open innovation. Such actions can positively affect the image of the company, demonstrating its social responsibility and progressiveness. In addition, by opening its data, a company can obtain additional information from other data providers (as part of a mutually beneficial information collection system). 

5 key principles of how to make your information-sensitive business a security-conscious environment?

  1. Take stock. Know what personal information you have in your files and on your computers.
  2. Scale down. Keep only what you need for your business.
  3. Lock it. Protect the information that you keep.
  4. Pitch it. Properly dispose of what you no longer need.
  5. Plan ahead.

Currently, this is often done by government and public organizations. They allow other private actors (like developers) to use and transform their datasets (which are anonymous, not strategically important, and do not pose a threat to public safety) about citizens, the activities of the companies themselves, and the technologies used. Ultimately, this encourages open innovation and helps deliver new services to citizens that are more relevant and personalized.