Features of Dynamics 365. Security has always been crucial and often the most expensive part of a business. According to the 2020 Cost of Data Breach report published by IBM, the average cost of a data breach was $3.86 million globally. Compromised credentials were the most expensive part of this breach, with 1 in 5 companies suffering a data breach because of stolen credentials. Customers’ personal information was the most compromised record for most breaches.
Security and compliance functions in the digital transformation era are of paramount importance. Internal data theft and the malicious use of data from ERP systems is an increasing problem that can lead to a deterioration of customer and vendor relationships, as well as financial loss. For organizations using Dynamics 365, a comprehensive suite of business applications that stores and manages sensitive data may also face a similar concern.
Keeping customer information secure and ensuring compliance with data privacy regulations becomes a top priority for organizations using Dynamics 365. By prioritizing data security and compliance, businesses can build trust with their customers while also avoiding legal and financial risks. This blog post will provide insights into how we can utilize Dynamics 365 platform to data security and compliance.
Experiencing a data breach can have significant negative consequences for your business. It can result in financial losses.
Data security in the cloud is a significant concern for businesses, regardless of their size. compliance Laws like GDPR and CCPA aim to protect consumers’ personal data by imposing stringent requirements on businesses that collect, process, and store such data. If you haven’t already implemented data security measures and ensured compliance in your business, here are four compelling reasons why you should prioritize this vital aspect:
To protect your customers’ personal data.
In today’s business landscape, data security is no longer a luxury but an absolute necessity. By implementing robust measures to safeguard your data and ensure regulatory compliance, you can shield your business from expensive breaches and penalties while also fostering trust with your valued customers.
In this article, we’ll explore the significance of security and compliance in Dynamics 365. Some of them are listed below: –
Dynamics 365 holds a vast amount of crucial business data, such as customer information, financial records, and proprietary data. By engaging a skilled Dynamics 365 developer who specializes in security, you can implement strong measures to protect this sensitive information from unauthorized access, data breaches, and cyber threats. They will ensure data encryption and user authentication while implementing security protocols that effectively safeguard your business’s valuable data.
In Dynamics 365, organizations have unique hierarchies and user roles that require different levels of data access. Developers can utilize role-based access control (RBAC) mechanisms to assign appropriate permissions based on these roles. By doing so, employees are granted access only to the necessary data, reducing the likelihood of unauthorized usage or data leaks.
Numerous industries are bound by strict regulations and compliance standards, such as GDPR, HIPAA, or PCI-DSS. Failure to comply with these regulations can result in significant fines, legal complications, and harm to your brand reputation. It is crucial to work with a skilled Dynamics 365 developer who understands these compliance requirements. They can guide you through the regulations and incorporate the necessary measures into your system, guaranteeing that you meet all the required compliance standards.
Regular and thorough monitoring and auditing of your Dynamics 365 system play a vital role in detecting any suspicious activities, identifying vulnerabilities, and ensuring compliance. By implementing robust monitoring tools and auditing mechanisms, developers can track user actions, system changes, and data access. This enables the proactive identification and resolution of security issues, ultimately safeguarding the integrity of your system.
The security landscape is always changing, with new vulnerabilities and threats arising frequently. It’s important for a skilled Dynamics 365 developer to stay informed about the latest security updates and patches released by Microsoft. By promptly applying these updates, they can safeguard your system against known vulnerabilities and keep your Dynamics 365 environment secure and current.
Adding encryption to sensitive data in Dynamics 365 adds an extra level of security, protecting against unauthorized access. You can use encryption technologies like Transparent Data Encryption (TDE) or field-level encryption to secure important data elements, such as personally identifiable information (PII). This means that even if someone gains unauthorized access, the data will still be encrypted and unusable.
In the digital age, utilizing cloud-based technology has become a commonplace practice for businesses. To enhance system security, Microsoft provides a comprehensive range of tools. However, it is crucial to allocate time to evaluate your specific security requirements and explore the available solutions before proceeding with implementation.
At Evolvous, we offer expertise in security solutions for long-term cloud safety. To learn more about our services and how security fits into the bigger picture, click here.