Privacy Risk Management – What We Do
Today’s companies face the constant potential for data compromise, particularly through greater risk of data mishandling than ever before. Although low storage costs enable your company to store as much data as you want, this also increases your financial and legal risks. Ardent reduces organizational risk by identifying, mapping, and minimizing data footprint. Learn more about Ardent and how our product suits your business risk.
Data Risks Your Business Faces Today
Today organizations collect and retain vast amounts of extensive personal data. Exposure of highly sensitive data presents financial and reputational risks universally understood across business and government. Increasing exposure of data accessed through phishing emails, malware, and ransomware attacks underscores the resolve of threat actors to weaponize private data. Data protection officers and compliance managers need an effective strategy to address these risks and meet privacy regulations. Addressing unauthorized access is only one part of the solution. Reducing available data for access is critical. It is vital to assess critical data assets and design a data-centric security architecture to make your organization resilient to common attacks. Implementing effective data minimization and elimination procedures and continuous monitoring is another critical aspect of protecting personal data.
By minimizing data, you lower business risks. These risks include:
- Data loss
- Financial liability
- Business credibility
- Regulatory penalties
- Criminal negligence