Businesses today deal with huge amounts of sensitive data including customer information including financial records, as well as intellectual property. It is imperative to secure this information against unauthorized access, so that customers can continue trust the company with their data, and also to ensure that the information is legally accessible in the event of a dispute, or regulatory action.
Unauthorized access to sensitive data can have severe consequences for a company, including lost sales, reputational damage, and legal costs. By implementing a policy that outlines security procedures to protect sensitive information, the company can lessen the possibility of cyber-attacks and protect itself from legal risks.
Information protection is the broad range of software that can help businesses safeguard sensitive information regardless of whether it’s on the cloud or on devices like laptops. Information protection covers everything from policies that define what information is deemed sensitive and the way it’s accessed, to physical security like password protection or encryption and monitoring processes that track access, identify potential threats, and address them.
The Microsoft Information Protection (MIP) suite of services, also referred to as Azure Information Protection or Purview, enables the discovery and classification of sensitive information based on its sensitivity level using labeling. This allows you to safeguard the information wherever it is or travels, to keep track of who has accessed it and to remove access when necessary. It is also possible to extend MIP into other apps and systems via the SDK, so that line-of-business applications can apply sensitive labels to documents as they export them, and design tools such as CAD/CAM use MIP to automatically encrypt files prior to being saved to the folder.
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