Philipp Rosenauer
Partner Legal, PwC Switzerland
The importance of data security is constantly increasing. Companies holding back on digitisation today will have an increasingly difficult time in the years to come. It is important that companies know their data flows and can protect them. Data management should be continuously analysed and the processes should be adjusted accordingly. Data security risks must also be documented and managed. However, this alone is not enough: the company is not only responsible for taking the necessary data security precautions, but also for ensuring that employees are trained and informed in this area. The human is the weakest link in data security.
To guarantee data security, it is necessary to ensure that control mechanisms are correctly implemented in the business processes. It is worth investing more time, budget, and effort in proper data security, even if the benefits are not immediately apparent. We often hear that it’s not a matter of if an attack will take place, but when. Because of this, various areas must be included – meaning that it is not only purely technical hazards that need to be managed. Physical measures, such as access controls in buildings, also play a key role in data security.
In general, the relevant controls depend on the company and its processes. Typical controls are access controls, data carrier controls and storage controls. Additionally, frameworks and standards such as those issued by the National Institute of Standards and Technology (NIST) and the International Organization for Standardization (ISO) should be considered when enforcing data security within your company.
The General Data Protection Regulation (GDPR) and the revised FADP require that data security is ensured. It important to mention that data protection and data security are not synonyms. Data security protects data by ensuring confidentiality, integrity, and availability. Data protection, on the other hand, protects the individual whose data are being processed by defining the conditions for the processing and who can access the data. Consequently, data security is essential in order to guarantee data protection. To look at it another way, it is of little use to process data according to the laws and regulations if you keep them in an unsafe place where anyone can access them with ease.
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Associate | Data Privacy | ICT | Implementationᐩ, PwC Switzerland
Tel: +41 58 792 43 06