Glossary about Data Loss Prevention Solution

Data Loss Prevention Solution

In project management, it is essential to protect your company data effectively. Otherwise, you may experience breaches, ransomware attacks, and much more. The company business can also suffer losses because of data leaks.

A key thing that can help protect data in project management is data loss prevention solutions (DLP). Do you want to know more about this aspect of data protection? If so, here is what you need to know.

Data Loss Prevention Solution Definition

Data loss prevention solutions combine security tools and strategies that protect sensitive data. They are designed to help you ensure that company information does not leave the corporate network. So data loss prevention software helps an admin control the data that workers can transfer.

A prime example of DLP is that you cannot upload company files on your personal cloud storage such as Dropbox. If you try to do this, the system will deny permission. This is because the software classifies and protects confidential information by business rules. It aims to ensure that unauthorized users cannot share sensitive data.

Why Is Data Loss Prevention Solution Important?

Here are the key reasons that make DLP essential for data protection in project management:

1. Protection Of Personal Information

Does your business collect personal information such as health data, credit card data, and more? If so, you need to protect sensitive information. This is because of the legal regulations set by various organizations.

For instance, HIPAA requires you to protect your customers’ health data completely. Meanwhile, GDPR requires you to keep the personal and other sensitive information of EU citizens safe. This is why you must have a practical DLP system.

2. IP Protection

Intellectual property and trade secrets come under the sensitive data category if they can harm your company’s financial position. This is why you require a DLP solution to classify the data. Typically, a service provider will help you do this by categorizing the information in structured and unstructured forms.

Besides that, you can also combine the software with policies for high security. The primary benefit of a practical DLP solution for intellectual property is that it can prevent an unwanted data breach. It will also ensure that your company does not lose essential information.

3. Data Visibility

Another key thing that requires you to have an excellent DLP solution is data visibility. The product can allow you to see your data on networks, the cloud, and endpoints. Besides that, it will also help you track the information across different channels.

The top thing about using the DLP solution for visibility is that it will help you see how users in your company engage with data. This can allow you to bring about positive security changes easily.

Final Words

This is everything you need to know about the definition of a data loss prevention solution. The top benefit of this software is that you can protect your business from insider and outsider threats. It can also help you conduct behavior analysis for improving project management and profits.