Businesses today deal with a large amount of sensitive information, including customer data as well as financial records and intellectual property. It is imperative to secure this information against unauthorized access, so that customers continue to trust the company with their personal information, and also to ensure that the information is legally accessible in the event of a dispute, or regulatory action.
Without robust procedures in place, unauthorised access to sensitive data could result in significant consequences for the business, such as lost sales reputational damage, as well as legal costs. Implementing a security policy that specifies procedures to protect sensitive information can help businesses minimize the risk of cyberattacks and safeguard itself from legal risk.
Information protection is the broad category of software that can help businesses protect sensitive information whether they’re in the cloud or on devices such as laptops. Information protection ranges from policies that decide what information is considered sensitive and the manner in which it’s accessed, to physical security that protect passwords or encryption and monitoring processes that track access, detect threats, and then respond to the threat.
Microsoft Information Protection (MIP) is also known as Azure Information Protection and Purview, allows the classification and discovery click to find out more of sensitive information using labeling. This allows you to safeguard the content wherever it’s stored or travels, to track who has accessed it and to deprive them of access if required. It is also possible to extend MIP into other applications and systems via the SDK to ensure that line-of business applications can apply sensitive labels to documents as they export them, and CAD/CAM design tools can use MIP to automatically encode files before they are saved to an appropriate folder.