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Last updated on 2024年7月16日

You're venturing into new markets. How do you safeguard your data from security risks?

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Expanding into new markets is exciting, yet it comes with the undeniable challenge of managing and securing your data effectively. Data governance plays a crucial role in this process, ensuring that your data is used properly and protected from various security risks. As you navigate the complexities of international data laws and the potential threats to your data, it's essential to have a robust strategy in place. This article will guide you through key steps to safeguard your data, helping you to minimize risks and maintain the integrity of your business information as you grow.

本文章的要点总结

Thoroughly assess risks:

Conducting a comprehensive risk assessment helps you identify data vulnerabilities and legal compliance issues in new markets. This proactive approach allows you to tailor your data governance strategy, ensuring robust protection against potential threats.### *Implement technical controls:Use encryption, firewalls, and access controls to safeguard your data from unauthorized access. Regular updates and patches further fortify your defenses, keeping your data secure and compliant with regulatory standards.

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1 Risk Assessment

Before you dive into a new market, it's imperative to conduct a thorough risk assessment. This involves identifying the types of data you'll be handling, understanding the specific threats in the new market, and evaluating your current data protection measures. You need to consider potential legal and compliance issues that could arise, such as differences in data protection laws. A comprehensive risk assessment will help you pinpoint vulnerabilities and prepare an effective data governance strategy to mitigate them.

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Sairah Chaudry

Data Enablement, Governance & Privacy Leader | Data Strategy | Data Technology / Martech / Adtech | Data Products | Data Management | Analytics | Responsible AI
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To protect data when expanding into new markets, businesses should assess risks, use encryption and access controls, leverage AI and ensure systems are updated. Compliance with local laws, employee training, incident response plans, 3rd party audits, secure cloud services and continuous monitoring are essential.

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Sinchu Raju

18K Followers l Founder l Women Leadership in Industry - Digital Marketing l AI in Marketing l Corporate & AI Governance l ESG l Digital Transformation
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Conduct a thorough risk assessment before entering a new market. Identify the types of data you'll handle, understand specific threats in the new market, and evaluate your current data protection measures. Consider potential legal and compliance issues, such as differing data protection laws. A comprehensive risk assessment will help pinpoint vulnerabilities and prepare an effective data governance strategy to mitigate them.

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2 Data Mapping

Data mapping is a critical step in protecting your data. By creating a detailed inventory of your data, you'll know exactly what information you have, where it resides, and how it flows through your organization. This visibility is key when entering new markets, as it allows you to apply the appropriate safeguards based on the sensitivity and importance of the data. Moreover, data mapping helps in complying with regulations that require precise knowledge of data locations and processing activities.

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Sinchu Raju

18K Followers l Founder l Women Leadership in Industry - Digital Marketing l AI in Marketing l Corporate & AI Governance l ESG l Digital Transformation
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Data mapping is crucial for protecting your data when entering new markets. It provides visibility into your data inventory, helping you apply appropriate safeguards and comply with regulations. Knowing where your data resides and how it flows ensures effective protection and regulatory adherence.

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3 Policy Development

Developing clear data governance policies is essential for any business moving into new markets. These policies should outline how data is to be handled, who has access to it, and the procedures for managing data securely. They must be tailored to the specific requirements of the market you're entering, ensuring alignment with local data protection laws. Training your staff on these policies is equally important to ensure they understand their roles in maintaining data security.

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Sinchu Raju

18K Followers l Founder l Women Leadership in Industry - Digital Marketing l AI in Marketing l Corporate & AI Governance l ESG l Digital Transformation
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Developing robust data governance policies tailored to new markets is crucial for maintaining data security and compliance. Clear policies ensure data is handled securely and in accordance with local laws, while ongoing staff training reinforces these practices. Building a strong foundation of policies and training is key to safeguarding data integrity and fostering trust in new markets.

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4 Technical Controls

Implementing robust technical controls is a cornerstone of data security. This includes using encryption to protect data both at rest and in transit, employing firewalls and intrusion detection systems, and ensuring that access controls are in place to limit data access to authorized personnel only. Regularly updating and patching your systems to protect against vulnerabilities is also crucial. These technical measures form a strong defense against cyber threats that could compromise your data.

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Sinchu Raju

18K Followers l Founder l Women Leadership in Industry - Digital Marketing l AI in Marketing l Corporate & AI Governance l ESG l Digital Transformation
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Implementing robust technical controls is essential in safeguarding data integrity and security, especially when entering new markets. Encryption, firewalls, and access controls help protect data from unauthorized access and cyber threats. Regular updates and patches further strengthen your defenses. By prioritizing these technical measures, businesses can ensure data remains secure and compliant with regulatory standards, building trust and reliability in new markets.

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5 Regular Audits

Conducting regular audits of your data governance processes ensures ongoing compliance and security as you operate in new markets. Audits help identify any gaps or weaknesses in your data protection strategy, allowing you to address them proactively. They also demonstrate your commitment to data security to stakeholders and regulatory bodies. Incorporate both internal audits and third-party assessments for a comprehensive review of your data governance practices.

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6 Incident Response

Having a well-defined incident response plan is vital for minimizing the impact of any data breach or security incident. This plan should detail the steps to be taken in the event of a breach, including how to contain the breach, assess the damage, and notify affected parties. It's important to regularly test and update your incident response plan to ensure its effectiveness. Quick and efficient action can significantly reduce the repercussions of a data security incident.

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Ray Everett

First Chief Privacy Officer of the Internet era. 25+ years as an industry leader in privacy and data governance. Entrepreneur, advisor, operator, author, investor, aspiring wine snob.
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Creating an incident response plan begins with assembling a cross-functional team that includes IT, legal, compliance, and corporate comms. Start by identifying the most likely threat scenarios and begin to systematically work through how you would be notified of an issue, how a team would be assembled to develop a response. Incorporate regular training and simulations to ensure all team members are prepared to act swiftly and to develop/refine things like templates for notices to customers. Finally, include a process for post-incident analysis and reporting to learn from each event and continuously improve the response plan.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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You're venturing into new markets. How do you safeguard your data from security risks?

1

2

3

4

5

6

7

1 Risk Assessment

2 Data Mapping

3 Policy Development

4 Technical Controls

5 Regular Audits

6 Incident Response

7 Here’s what else to consider

Data Governance

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You're venturing into new markets. How do you safeguard your data from security risks?

1

2

3

4

5

6

7

1 Risk Assessment

2 Data Mapping

3 Policy Development

4 Technical Controls

5 Regular Audits

6 Incident Response

7 Here’s what else to consider

Data Governance

给文章评分

感谢您的反馈

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