What are the essential data security compliances Asset Infinity follows?

Data security is a major concern for every organization, and all organizations want to put their best foot forward to keep their data secure. Asset Infinity provides cloud-based asset tracking software to organizations & they manage their data as well, that is why we are also asked for data security cautions we are taking. In this blog, we will learn several important aspects related to data security, What Compliance Asset Infinity is complied with. So, without wasting any time let us begin!  

What is data security?

Data security means keeping all information secure from destructive forces and restricting unauthorized users. We need to keep data secure from data breaches, cyberattacks, etc. In order to keep data protected, it is kept in encrypted form. Apart from this several other techniques are used such as tokenization, hashing, etc. Data security becomes more important when you collect more detailed sensitive information about customers. Every caution must be taken without any negligence.

Why is data security compliance important for business?

According to the Statistics of Purplesec “Over 50% of all cyber-attacks are done on SMB’s. Enterprises experienced 130 security breaches per year, per organization, on average.” Data security compliance is important for businesses so that data breaches and cyberattacks can be avoided.

When you comply with rules & regulations you can avoid penalties, fines, lawsuits, etc. Compliance issues can impact business and reputation as well. That’s why it is important to comply with data security compliance.  

What are the data security compliances Asset Infinity complied with?

Data security compliances Asset Infinity complied with are as follows:

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ISO 27001

Asset Infinity is certified with ISO 27001. This approach assists associations with dealing with their data security by addressing technology individuals, and processes. ISO certification is recognized worldwide informing that your Information Security Management System (ISMS) is aligned with security practices.  

GDPR ‍

Asset Infinity complies with GDPR rules regulations & policies. General data protection regulation (GDPR) was implemented in 2018. It was passed by the European Union (EU) undoubtedly it is one of the toughest privacies & securities laws. This regulation forces commitments onto associations anyplace, insofar as they target or gather information connected with individuals/organizations in the EU.  

In case an organization is not found to comply with this law, an organization can be penalized. The GDPR expects organizations to handle individual information in a manner that safeguards against unlawful information obtaining, handling, misfortune, harm, or obliteration, guaranteeing data security is properly managed.  

SOC 2 ‍

SOC 2 is developed & expanded by the American Institute of Certified Public Accountants' (AICPA). It shows how customers' data & other information should be managed. The aim of the SOC 2 report is to evaluate different aspects related to security, availability, processing integrity, confidentiality, and privacy. It is an audit procedure that ensures data is managed properly.  

In Privacy, access control two-factor authentication, and data encryption are checked. In security, network firewall, two-factor authentication, and intrusion detection is done. In confidentiality, access control & encryption of data and networks are checked. In integrity process, quality assurance, process monitoring is done. In the availability section, performance monitoring disaster recovery, and security incident handling are checked. Asset Infinity complies with SOC 2.  

Conclusion

As a cloud-based asset management software provider, we know that clients prefer to work with specialist organizations that can demonstrate they have strong data security rehearses, particularly for themselves and cloud services. All these data security compliances are followed so that our customer's data is secured and kept in encrypted form.  

All rules and policies are checked & followed on a regional basis. Security practices & guidelines help us to defend again cyberattacks. We ensure that data is secured, and continuous monitoring is done. We know how crucial data is, and that’s why we take all measures to protect data privacy. Asset infinity’s asset management software maintains all compliance mentioned above.  

Frequently Asked Questions (FAQs)  

What are the categories of data?  

Categories of data are:  

1. Restricted data  

2. Confidential data  

3. Public data  

4. Internal use data  

What are the benefits of data security compliance?  

1. Safeguarding data & information  

2. Keeping data encrypted  

3. Providing an extra edge to business against competitors  

4. Improve business reputation  

These are a few of the benefits of data security compliance.