Data Protection & Classification

Many companies prioritize access only based on certain user privileges within the system. Its positions are all assigned privileges, and only employees occupying the positions in the company the area of which need to have access to sensitive file data will have access to it. This is especially helpful if a data risk assessment concludes that eliminating such authorization workflow would reduce the risk of your data being abused that it classifies as sensitive. The visibility and context of data protection is just as relevant in-house as it is when it comes to acquiring developed machine learning algorithms for protecting against cyber criminals, since the majority of financial fraud losses actually involve the participation of an insider. If you have software code or your data is worth money because your data comprises in-depth research from your own machine learning algorithm, thus classifying it as sensitive, an additional way to reduce the risk of outside penetration is if you store your information on an encrypted external drive or a cloud.