Protecting individuals from identity theft

The primary benefit of PII protection is that it helps safeguard individuals' sensitive information, such as their name, social security number, and financial information. By protecting this information, organisations can prevent identity theft, which can have devastating consequences for individuals.

Maintaining regulatory compliance

Many regulations and laws, such as the General Data Protection Regulation (GDPR) and the other Health, Privacy Acts, PCI DSS, require organisations to protect PII. By implementing appropriate PII protection measures, organisations can ensure that they comply with these regulations and avoid costly penalties and fines.

Maintaining trust and reputation

The trust of their customers, partners, and stakeholders. By demonstrating a commitment to data privacy and security, organisations can enhance their reputation and avoid reputational damage associated with data breaches or other security incidents.

Preventing financial losses

Preventing financial losses can help avoid financial losses associated with data breaches or other security incidents. These losses can include direct costs, such as legal fees and notification costs, and indirect costs, such as lost contracts and remediation costs.

Improving overall cybersecurity posture

Implementing access controls, encryption, data backups, incident response plans, and other privacy controls can help protect against a wide range of cybersecurity threats beyond PII-related risks.