Data Privacy Day

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January 28th is Data Privacy Day. We know how crucial it is for you to protect not just your data but also the data you obtain from your borrowers.  IF YOU COLLECT IT, PROTECT IT is a good rule of thumb for all organizations. We compiled some steps you can take to help ensure all data that passes your desk remains secure. An added bonus – peace of mind is a good stress reducer! 

 

  • Assess your data collection practices. Are you collecting information through unsecured emails? Do you require passwords on documents when sending sensitive information? Assessing how your collect private information might illuminate areas that you could tighten security.

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  • Educate your employees. If not everyone within your organization is on the same page, you risk allowing easy access to your private data. Communicate clearly your data privacy expectations and standards to ensure that all gathered information remains secure.   

  • Transparency builds trust. Be open and honest about how you collect, use, and share consumers’ personal informationCommunicate clearly and concisely to the public what privacy means to your organization and the steps you take to achieve and maintain privacy.  

Remember: If you collect it, protect it.Do not lose your customers trust to data breaches. Ensure you have security measures in place to protect all data you collect.  

Source: National Cyber Security Alliance https://staysafeonline.org/data-privacy-day/about-dpd/ 

 

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