IMPORTANCE OF DATA SECURITY FOR THE PRIVACY AND PROTECTION OF AN ENTERPRISE

Data security is the protection of digitally stored information in a database from unauthorized users and destructive forces. It is commonly used for CIA (confidentiality, integrity, and availability) of data. Data security and data privacy are terms often used interchangeably, but there are specific differences data security deals with protecting data from unauthorized access whereas data privacy refers to the norms set by the government about how the data is collected, preserved, shared, and used. Data security not only protects the data from external criminal cyber crimes but also from internal threats like the human error of password protection of the software and the hardware that are used to store the data.

Types of Data Security

  1. Data encryption: this refers to the encryption of data. The data stored in the database is converted in algorithms and then saved. Later when it is needed for further use, it is again decrypted to its original form. Whatsapp is the best example of this particular security which provides end-to-end encryption. This works as the final line of defense in securing the data from external and internal threats.
  2. Hardware-based mechanism: hardware-based mechanisms prevent internal threats. Securing the hardware prevents the data from being mishandled, breached, tampered or even unauthorized access.
  3. Software-based mechanisms: different software provides different levels of security to avoid compromising the data.
  4. Backups:  Backup helps in restoring the data which has been lost or purposely deleted. For any organization, it is always suggested to keep a backup for the database stored.
  5. Data masking: this process hides some of the credentials from the overall information in order to secure some important data. For reference, we can take the example of the one-time password. When we receive an OTP in our phone, it masks the OTP until the phone is unlocked and replaces it with some special characters. This is done to avoid mishandling of the password by any unauthorized user.
  6. Data erasure: while dumping hardware, any organization should make sure about the data erasure. Deleting is never enough to get rid of the data, it can always be recovered. Therefore, to solve this, data overwriting is done.
  7. Data resiliency: it is the process of data jumping back into the business even if it is once compromised. Data now is stored in clouds which makes it possible to access it whenever and wherever we want. It profits us with anywhere access which also makes it risky as with this, data can easily be mishandled. Therefore, the movement of potential data should be restricted and high-risk activity should be alarmed.
  8. Authentication: it is very important to trace the activity of every individual who is handling the data. This keeps us informed about the breach and the person behind it. Every individual is given specific and unique credentials to log in to the database to maintain authenticity.
  9. Tokenization: tokenization works similar to data encryptions but it does not turn the data into algorithms. Instead, it turns data into special characters to code them.

Ensuring the Safety of the Data

Practices that can be used to ensure data security are as follows:

  • Every individual handling and working the data should be given specific IDs and passwords. This can help us to identify the person behind the breach and also control the damage as there would be no single person handling the data. Every individual can be responsible for a small amount of data rather than the complete database.
  • The data should always be stored in encrypted form as it can provide the final level of security. Encryption makes sure that the data even if leaked cannot be used by hackers.
  • Protecting data where it is stored also minimizes the damage that can be done by various threats.

 What is Privacy?

Data privacy or information privacy is a branch of data security that involves the proper handling of data that is in the control of the user. It ensures that the data is being used for its intended purpose for which the consent is given. Above all rights, comes the right to privacy, and data protection is a subset of data privacy because the protection of the data is the first step of keeping the data private. With no protection on the database, it can be accessed by any user be it authorized be it non-authorized.

Data privacy is very important in any organization as it builds the foundation of trust between the user and the organization. With every minute of developing technology, the database keeps on piling up making data privacy really complex. The laws are becoming strict by each day in order to provide an environment of safety for the users regarding their information. A minute leak of single information can damage a user to his core.

Recently, the company Facebook had charges pressed against them regarding the data breach. Facebook was blamed for selling the data to the company Cambridge Analytica. The reason behind this data breach can be for the purpose of sales. Once our data is leaked, the information related to your needs and demands is shared among the different companies which can influence us through advertisements and other mediums to increase their sales. This is the least that can be done which makes us wonder about the consequences of the worse.

HOW IS DATA SECURITY RELATED TO PRIVACY?

Data privacy is related to security in almost all possible ways. It usually sets the terms and conditions by informing or rather asking permission from the user regarding its data. Data privacy is related to the laws and the breach can cause legal cases on the concerned authority for which compensation would be provided as per law and data security is more of a technical dysfunction. Data security needs to allow only the authorized access to any data and its breach leads to unauthorized access to the data. Data security can be compromised anonymously which can affect an organization to a great level whereas, data privacy can individually harm a person for which the organization would be questionable.

Why is the Protection of Data Necessary? 

Protection of data is required for maintaining and protecting one’s business. The information stored about the employee of a company in its database can provide the unauthorized person with lots of loopholes for causing damage to the life as well as the properties. With the acquired data, furthermore, information can be pulled out and in less than an hour, due to the digital world, the whole history can be accessed sitting at a place.

The data that has a necessity of protection includes:

  1. Name of an individual
  2. His address
  3. His email id
  4. His phone number
  5. His bank details
  6. His social media handles
  7. Information related to his health.

All these data if breached can cause more damage than one can think of. These sensitive data can give details about his partner, medical history, finances, and every minute information about the individual.

How to Protect Data in Your Enterprise?

Data can be secured at different levels for an enterprise to work smoothly. For data to be protected at the initial level few things are to be kept in mind which are as follows:

  • Software updates are meant to upgrade the security from a consistent level. The software updates, when installed in a system, improve or provides a new layer of security that is stronger than the previous one and therefore helps in data security. Moreover, new techniques are always more difficult to hack due to a lack of knowledge. Once the technology gets older, the loophole in the system gets rumored away and becomes easy to hack.
  • Password protecting any hardware or software adds a new layer of security. The best thing that one could do to protect their information is password protecting them and making sure that no two passwords are the same. In  addition to that, the strength of the password must be checked
  • Switching off the pop-up notification: the notification that appears on the lock screen of the screen should be turned off to avoid the leak of the information from your own device.
  • Backup: the information that is stored in any device should be backed up, either in other devices or on the cloud. If the system gets formatted, the back can help to restore the information otherwise it can be lost forever.
  • Encryption: the data is shared on any platform should be encrypted to avoid the data breach from either end of the transfer. An application like, WhatsApp and signal offer end-to-end encryption which offers security for the transfer of sensitive information.
  • Locking the apps: every application individually should be locked by creating another line of security by separating barriers which can be provided by a personalized password.
  • VPN (a virtual private network) can conceal your information from the people using the same shared network in any place. Usually, the hotels and restaurants provide unsecured networks that are shared among many people and consequently keeps our valuable data at risk. Using a VPN can encrypt all the data that is entering or leaving your system or is stored in it. It can also hide our location and if address which makes it really good to use for security purposes. The only thing that needs to be kept in mind should be using a trusted virtual network.

Data can also be secured at a broad level which includes:

  • Access control enforcement- Although the data is stored in the clouds, the user can still control the access for the sense of privacy. The data that is useful to the user or can cause damage is usually secured from the user’s end.
  • Use of Virtual Machines- The operating system that is working in a system has the data stored in it which can be accessed by anyone handling the system. Moreover, there is no separate secured space to contain confidential files. The virtual machine is a virtual operating system to perform safe and secure storage and use of data. Virtual operating systems are installed inside a basic operating system providing a fraction of storage to perform functions. The data stored in a virtual machine is more secure than the basic operating system.
  • Monitor employee- An employee should be monitored in an interval to avoid the misuse of important data of the company. One should always know about the employee, working under him. Also, securing a system on the initial level has major importance in providing security to the data. Every employee should be instructed to secure their system to avoid breach at the first level.
  • Physical protection- Physical measures are taken for the documentation. Even after being digitally oriented, hard copies that have data printed on it are usually circulated around for official purposes. It is recommended to have paper shredders with the employee to ensure the permanent damage to that information.
  • Data Encryption The protection of important data is done by converting the sensor data to the coded form so that even if the data reaches an unauthorized person, it cannot be decoded as the coding in the encryption is based on some algorithms which is quite difficult to hack.
  • Data management The data stored in the database should be managed in order to protect it. The data stored in the clouds are just a search away. Better data management makes the process of accessing the data more secure as well as easy.

With proper measures, data can be secured at its maximum. It is mainly negligence that lets the data being compromised. The security of the data is a broader term that can be imagined and it cannot be managed until the measure works from the lowest level to the management level. However, privacy is user-controlled, and depending upon the individual it has its own barriers. Privacy being a fundamental right, if breached, can be taken to the court of law.

MANUFACTURING & INDUSTRIAL SITE SECURITY SOLUTIONS

An industry always keeps a keen note towards protecting the people, properties, and assets from threats and risks. Safeguarding is the most common challenge that is being faced by any business regardless of its size. The industry should have a defense system strong enough to secure itself against thefts or accidents. There should be an end-to-end security solution to enhance productivity, protection as well as safety. Every industry should have a planned and properly implemented security system and a well-defined security protocol in order to avoid unnecessary conflicts which is why Venus consulting solutions is at your doorstep eager to provide you with the required services. We assure you of confidentiality, integrity, and availability.

Protect Your People, Property, and Assets

The first step to dealing with a problem is to know that there is a problem. Venus consulting solutions initially focus on preventing the problem. The defense system by Venus consulting solution provides you with the integrated mechanism including a proper alarm system to warn against the threats and also the surveillance for keeping a soft foot to keep everything recorded.

Venus consulting solutions evolve according to the threats and help you prevent cyber attacks. We, not only focus on the prevention but also make sure if the control the damage if the situation gets out of hand. The planned solution should also include the containment of the virus infection inside a system to add an extra layer of security. The threats, we are talking about are not only the digitally created worms and Trojans, but also unauthorized access which eventually leads to a data breach.

How Safe Is Your Plant or Factory?

When running an industry, one must know about the level of safety that is being implemented to deal with the threats. The parameters required in adopting a system go way beyond the theoretical expectations; one of which is budget-friendly. Venus consulting solutions are valued for money in providing you with the entire security measure, even against cyber terrorism.

SWOT analysis needs to be done for any size of business. There is no doubt that any digitally saved data has a threat of malware attack which will lead to a data breach in a company. SWOT analysis will help in determining the strategy that is currently applicable and the advancement that is required for the improved security system. Also, the security system that has been adopted should be according to the cyber laws to avoid fines and compensation. The steps to mitigate the threat should be prepared and the security gaps should be filled. Venus consulting solutions pre-examine the adopted security system to find gaps and provide the steps of threat mitigation in order to safeguard one’s business. Moreover, Venus also spread awareness regarding the threats to the existing system and the measure that can be taken.

The safety of a factory or a plant also depends on the spread of word about the information breach in real-time. The factory should be able to control the attack while containing it in the confined database to avoid the spread while alarming the system. Venus’s consulting solution also captures the culprit with tight surveillance and access control.

Providing Value with Solutions Designed to Optimize Safety

Managing with the security of a plant or a factory, an integrated system should be adopted. For better protection and functioning of a factory, the system should have little advancement like:

  • Proper video surveillance
  • Alarm system
  • Technology to block unauthorized access
  • Access control
  • Threat mitigation
  • Safety against malicious activity
  • Physical security
  • Protection against disasters
  • Protection against arson
  • Developed virtual personal network
  • Virtual machines, and so on.

Venus consulting solutions provide an integrated system that meets the entire advancements required. In addition to that, it also examines the pre-existing system to find security gaps and develops a personalized system in order to fill the gaps and build a successful and complete security system.

One of the major factors while dealing with the system and its implementation is financial investments. The system that is adopted by a factory should not only deal with the complete protective gear but also be valuable for its price. The design that Venus consulting solutions provides covers all the parameters of security at the cheap and best cost. Venus not only makes your integrated security system strong, but it also provides it at a justified price.

Industrial Security Professionals

Security system when adopted by a factory requires professionals to train regarding the implementation of the programs in that integrated system. The official trains the employees and even the guard regarding the safety measures that are to be taken to avoid the threat. One of the common causes of damage is the accidents that happen in or around the factory. Disasters occur in the prone areas and consequently have a low population. Ironically for factories to be set up, one often needs a place with a low population as setting up a plant or a factory has an adverse effect on the environment which mainly causes skin and lung infection. Therefore, training of the officials by Venus consulting solutions also deal with disaster is also an important aspect. Moreover, accidents like fire and electrical malfunction also cause a lot of damage for which proper training is provided by Venus Consulting Solutions.

Apart from the mentioned training, Venus focuses on the training about the weather-related problems that should also be dealt with. The officials should have a proper manual for instructions from Venus consulting solutions regarding the interaction with outsiders. One should allow the visitor to enter the premises with proper security checks and eliminate the prohibited objects. They should then be guided for the required purpose and proper surveillance should be conducted. Venus has different teams for different aspects related to protection from outsiders. It is instructed to provide badges and passwords for each employee as proof of working in that particular factory. Venus consulting solutions also support the prevention of loss by keeping a record of the employee as well as the outsiders.

Auditing is one of the best ways for the quality assurance of a business. However, auditing also helps in determining the insider threat. Venus consulting solutions conduct audits for factories and plants to ensure any sort of theft occurs by the employee. This builds trust and confidence in the factory which is a hidden factor in the upliftment of the business.

Comprehensive, Integrated Industrial Security Services

Venus consulting solutions is India’s leading agency that deals with security services in a factory. It is an integrated security system provider that has been working for quite a few years with trusted teams working in the field of their expertise. Venus’s integrated system involves:

  • The complete rotational surveillance is in high definition to record all the activities happening inside and outside of the factory.
  • The siren and alarming system warn regarding a threat to take the measure of preventing it.
  • The badging and biometric record of the employee working in a factory to avoid trespassers.
  • The proper signing and record of the visitors to keep a keen observation. The trained officials guide the visitor in their needs.
  • Physical security on the entrances for protection from forced entry.
  • The protection of data from unauthorized access is done by giving each employee a separate and unique id as a precautionary measure.
  • Training regarding preventive measures for a disaster or a weather-related emergency.
  • Proper medical facilities are also included in case of any medical emergency occurring inside the factory itself.
  • The employee should be well educated about the do’s and don’ts while dealing with fire or electricity-related emergencies.
  • The factory or plant should have proper mailing and parceling services to avoid the loss of any resources.
  • Venus also provides a manual for different threat mitigations along with their steps.
  • Training is also provided regarding dealing with the situations that might take place.
  • Risk management is a proactive process. The employee is taught about the risk in their particular area of work and measures are taken to deal with it.

Venus consulting solutions provide the best services regarding every aspect of manufacturing and industrial site security at an affordable price.

What are Due Diligence Investigations And How Do We Perform Them?

Due diligence is an audit investigation or performance to confirm the facts of a matter under consideration. It’s important to understand the financial status of the company along with the internal control regulation and operations management and it also analyzes and mitigates risk in a systematic way from a business or investment decision. Due diligence examining the company’s number. It also compares the number of overtime and benchmarks them against competitors. Due diligence analyzes the business in a systematic way which helps the person to take the right decision that they want to invest or buy a business or not.

The situation when Corporate Due Diligence Investigations required:-

  • For Partnership or Joint Venture Agreements
  • For Criminal and civil Litigation History.
  • For insurance and Liability.
  • For any type of Corporate and Financial Transactions.
  • For any Property and Asset Searches
  • Evaluating Prospective Clients, Partners, or Executive Appointments

Why Due Diligence is important?

Due diligence is the most essential thing for the investors to get a successful commercial transaction, as it allows them to verify the information related to the business and assess the value of the business. So they can decide whether they have proceeded forward to invest or buy the business. It also permits the investor to determine if there is any risk or barriers with the transaction of the business.

The due diligence is normally performed for two weeks to one month but it can vary according to the complexity of the transaction.  Most of the information that completes the due diligence is collected by the seller. If you are considering buying a business then there can are negative risks occurring with the business such as,

  • Default on payments
  • Market slumps
  • Loss of key supplier or customer relationships
  • Legal claims
  • Loss of key staff

Type of Due Diligence Investigation

Due diligence is a process that is taken by an acquiring firm in order to get complete information about the assets, capabilities, and financial performance of the target company.

  • Administrative due diligence
  • Financial due diligence
  • Asset due diligence
  • Human Resources due diligence
  • Environmental due diligence
  • Taxes due diligence
  • Intellectual Property due diligence
  • Legal due diligence
  • Customer due diligence
  • Customer due diligence
  • Strategic Fit

Why a Due Diligence report is needed

“Finding a skeleton in the cupboard before the deal is better than finding them later” due diligence is an important process as it helps to make the critical decision about the investment in some organization. it helps to get information about the company’s plans for additional earnings. The due diligence report gives a clear view related to the future progress of the business.

Steps to perform due diligence

  • Company Capitalization
  • Revenue, Margin Trends
  • Competitors and Industries
  • Valuation Multiples
  • Management and Ownership
  • Balance Sheet Exam
  • Stock Price History
  • Stock Options and Dilution
  • Expectations
  • Risks

The benefit of due diligence:-

  • Buyers need access to and sight primary information for themselves to make sure that what they have been told is correct.
  • Buyers confirm the honesty and forthrightness of sellers by confirming that they have disclosed everything related to the company
  • Both Buyers and vendors need a forum for complete disclosure and open discussion of the asset changing hands to provide for a thorough handover and form the basis for integration planning, where the asset is a business.
  •  Vendors need buyers to have confirmed all information for themselves, to ensure that later claims cannot arise that they have been untruthful or incomplete in their disclosure.

Document required for due diligence

  • Memorandum of Association
  • Financial Statements
  • Property Documents
  • Employee Records
  • Operational Records
  • Tax Payment Receipts
  • Utility Bills
  • Intellectual Property Registration or Application Documents
  • Statutory Registers
  • Tax Registration Certificates
  • Articles of Association
  • Certificate of Incorporation
  • Bank Statements
  • Income Tax Returns
  • Shareholding Pattern

What are the checklists of Due Diligence?

The due diligence checklist helps to analyze a company in a better way and it includes all the areas that have to be analyzed to get the correct information about the business.

  • Assets
  • Operations
  • Policies
  • Human resources.
  • Processes
  • Ownership
  • Management
  • Future growth potential
  • Organization
  • Shareholder value
  • The financial ratios

Why VCS is best in due diligence investigations services?

Venus Consulting Solutions Pvt Ltd is India’s No. one business Consulting Company that deals in the field of Brand Protection & Risk Management services and we are providing the best due diligence services in India.  We have a team of investigators who are skillful and experienced. our Investigators accumulate all the important information related to the organization such as history and permissions, regulatory destructions, personal and corporate credibility in the market and society, civil litigation, professional and academic records, corporate inconsistency, the bankruptcy of a partner, property-related sources, asset, history related to partnership, another business history, and criminal cases.

In our team, we have investigators that are experts like legal advisors, litigation counselors,  cyber-crime, corporate governance experts, members of law enforcement, computer specialists, and ex-business journalists and while performing the due diligence we collect the information about the company in Commercial due diligence, Financial due diligence, and legal due diligence. We provide our service all over India and Our company achieves millstones not only in India but also have the recognition across the world in so many countries like. USA, UK, Egypt, Canada & Mexico, and many more.

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