Every organization nowadays conducts both external as well as internal business in profusion electronically. With such wide spread of businesses, security risk too has increased manifolds. Due to this reason as the steady pace of progress increases in software as well as hardware, new processes keep being introduced amidst business environment. Electronic transfer and storage’s ease as well as popularity have also made public highly susceptible to data breaches. Organizations thus need to reassure their public as well as customers that they take data security very seriously and the data is responsibly and securely dealt with by them. This step is critical for both demonstrations of information compliance and assurance as well as their own reputation. It has become necessary for these same organizations have data classification standards.
Here the meaning of compliance is to stick to any law or standard, policy or specification which has been already defined. For instilling confidence in customers about data handling ways, an organization should fulfill minimum online event management software standards. Some of these standards are regulatory compliance, best practices codification and standards set internally via corporate policy. These standards however needed to be changed from time-to-time, no matter how hardly they bind one company. This is done as sort of a challenge for providing security’s satisfactory levels.
If any organization does not manage such risks then they even would not even get new businesses. With such non-changing temperament, a company is also bound to lose its reputation as well as existing business to compliant competitors. Companies understanding that they need to coco classify, get a competitive edge over others. Few examples of regulatory and industry standards that impact any business are Sarbanes Oxley, Gramm-Leach-Bliley Act, “data protection act 1998”, “code of connection to government connect secure extranet (CoCo)”, ISO2xxxx, NGN 224, J-SOX, “Health Information Portability (HIPAA)”, “Financial Instruments and Exchange Law”, PCI DSS i.e. “Payment Card Industry Data Security Standard” etc.
With such inexhaustible list of standards out there, a company or organization can have its say from this great standards minefield. This selection however depends completely on one’s industry, operating countries and countries with which one does business. Large organizations are now hiring departments for effective compliance as well as automated marketing software. Guidelines such as these can be pertained to real generic world processes then to only electronic automated workflow. As divergent to data classification solutions, in the traditional processes of working every process has to be separately examined as well as rated against compliance targets.
Several institutions still make use of methods like DVDs, FTP, instant messaging, email, network storage and tape backup move data both externally as well as internally. Even though these stand to be highly convenient, they do not have efficiency, reliability, security or protective marking that are highly necessary. It is because of the fact that IM as well as email are unencrypted thus no data integrity ensuring a measure exists with them. Neither do they have any vigorous auditing. FTP on the other hand does not have encryption capabilities or strong authentication. USB storage, laptops, DVDs and tapes can be stolen or become lost. Therefore, high risk of data compromising exists here. Data can thus here easily land into the hands of unscrupulous users.