Your company is likely to handle sensitive data that must be secured from unauthorised access. Inability to control access could cause a disastrous loss of your valuable assets. The principle behind access control is to operate as a careful gatekeeper, setting the guidelines by that people are allowed to handle sensitive material. As organizations grow and change their data handling controlled access to confidential data practices might not be suitable or appropriate. This could lead to sensitive data being accidentally made available to unauthorized users within or outside of the organization.

Inadequate controls can also cause the loss of data belonging to a first party, such as employee and customer information. A breach of this nature could expose your company’s personal information to expensive regulatory penalties, fines, or lawsuits. It could also affect the trust of your customers and customers.

Access management is both an administrative as well as a technical process. Getting restricted access to confidential data requires the proper balance of policies, processes and technologies. They are crucial to ensure that your business is compliant to the standards and regulations in the industry, maintains its business agility and keeps the trust of its clients and customers.

For instance, you need to ensure that the physical security protocols are robust and effective that require all employees to keep paper documents, thumb drives and backups that contain personal data in locked cabinets and notify anyone who enters your premises to the security team. It is also crucial to create an “need-to-know” for access to all. This requires employees to use passwords, two-factor authentication and to review their privileges regularly.