https://indexdataroom.blog/citrix-sharefile-work-from-anywhere-and-access-files-from-any-device/

Data security is about safeguarding information from unauthorized access that could lead to identity theft, fraudulent credit card charges or privacy intrusion. This is accomplished by encrypting data using access control, and then implementing multi-factor authentication (MFA) to ensure that only authorized employees have access to sensitive data like passwords or personal identification numbers (PINs).

On the other the other hand privacy protection is about individuals’ right to have control over the personal information they have that is collected as well as shared and transferred. Users can request the deletion or modification of their personal information, or alter the way in which they use their information. It also requires compliance with laws such as GDPR and CCPA.

Despite the distinction between security and privacy, both are critical for the organization’s operation. The trust of customers is at stake when companies compromise sensitive data and leak private information to unauthorised individuals. A solid data privacy framework and practice can cut down on the number of breaches, allowing companies to avoid costly fines, penalties and lawsuits.

To protect data privacy and security the first step is to determine any sensitive information that an organization owns, including personally identifiable information as well as non-PII. Conducting formal risk assessments and regular security audits are a good way to aid in this process. Utilizing a data discovery tool can be a good method of determining the information available and how employees can access it. A policy framework that considers all aspects of an organization’s collection, storage and sharing of data could streamline data privacy and security.