Assignment 2 Instructions Robust cyber security Framework. | CSIS 343 - Cybersecurity
- Propose measures to protect customer privacy and sensitive financial information. Discuss the
importance of encryption, secure data storage practices, and user awareness training to prevent data breaches and unauthorized access to customer accounts. Consider compliance with data protection regulations such as GDPR or local financial privacy laws. Protecting customer privacy and sensitive financial information is crucial for maintaining trust and compliance with various data protection regulations. Here are some measures to safeguard customer
data:
Encryption:
Implement end-to-end encryption: Use encryption algorithms to protect data both in transit and at rest. This ensures that even if unauthorized access occurs, the data remains unreadable without the proper decryption key. Secure communication channels: Employ secure protocols like HTTPS for websites and secure sockets layer (SSL) for email communication to encrypt data during transmission.
Secure Data Storage Practices:
Regular data audits: Conduct regular audits of stored data to identify and remove unnecessary or outdated information, reducing the risk of exposure. Data classification: Categorize data based on sensitivity, and apply different security measures accordingly. For example, highly sensitive financial information may require stronger encryption and access controls.
Access Controls:
Role-based access: Implement role-based access controls to restrict employees' access to customer data based on their roles. This helps minimize the risk of unauthorized access. Multi-factor authentication (MFA): Enforce MFA for accessing sensitive systems or databases. This adds an extra layer of security by requiring users to provide multiple forms of identification.
User Awareness Training:
Regular training programs: Conduct regular training sessions to educate employees about the importance of customer privacy, the risks of data breaches, and the proper handling of sensitive information. Phishing awareness: Train employees and customers to recognize and report phishing attempts, as these are common methods used by attackers to gain unauthorized access.
Compliance with Data Protection Regulations:
Understand and comply with regulations: Familiarize yourself with data protection regulations such as GDPR, HIPAA, or local financial privacy laws. Implement policies and practices that align with these regulations to avoid legal consequences. Data protection impact assessments (DPIAs): Conduct DPIAs to identify and mitigate privacy risks associated with the processing of customer data.
Incident Response Plan:
Develop an incident response plan: Have a well-defined plan in place to respond promptly to any data breaches. This should include steps for containment, investigation, notification of affected parties, and collaboration with regulatory authorities.
Regular Security Audits:
Conduct regular security audits: Regularly assess the effectiveness of security measures through penetration testing, vulnerability assessments, and audits to identify and address potential weaknesses.
Data Minimization:
Collect only necessary data: Limit the collection of customer information to what is strictly necessary for business operations. This reduces the volume of sensitive data that needs to be protected. By combining these measures, businesses can create a robust framework to protect customer privacy and sensitive financial information, ensuring compliance with regulations and building trust with customers.