The difference between security and privacy

By Anthony Cowie

All businesses need to be very careful not to leak people’s private data. Not only will they lose customers and negatively impact their revenues but they will also be breaking the law. When it is found that a company has leaked people’s data, their reputation is immediately damaged, affecting their bottom line.
We all know how challenging it is to gain trust from customers. Once this trust is lost, you’ll have to work 100 times harder to get it back. You can save yourself the time and effort by keeping your customers’ data safe and private. After all, customers will not engage with and trust companies that they think might leak their information. This has made companies realise just how important it is to protect people’s privacy and identity.
Recent research has shown that as many as eight out of ten big companies have been hacked with most of these hacks coming through the supply chain. Organisations in the supply chain are usually the weakest link very often they typically don’t implement the security and privacy measures that the bigger organisations would. This means that smaller companies are often targets and convenient pathways for cybercriminals to get to the bigger organisations. Companies should also be protecting customers’ data by using encryption so that if they are hacked, hackers cannot access this data.
To gain more insight into the difference between security and privacy, watch the YouTube video: Understanding the difference between security & privacy with Allen Scott.