Why defining a data risk strategy is crucial?

Date:2023-01-06
Defining a data risk strategy is crucial because it helps organizations assess and manage data risks to ensure that data is secure and compliant. It identifies areas of vulnerability, assesses potential data loss, implements data controls, and takes proactive steps to reduce and prevent data misuse. A data risk strategy can help mitigate risks associated with data breaches, data loss, data privacy compliance, unauthorized access, and other data related risks. Further, it helps organizations meet security compliance mandates and ensure that their customer data and other sensitive information is adequately protected.
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