What is a data inventory?

A data inventory is a list of all the data that a company has collected, stored, and used. It includes information about where the data is located, who has access to it, how it is used, and what security measures are in place to protect it. In the state of Arizona, data security laws mandate that all businesses with 25 or more employees must have a comprehensive data inventory. This inventory must be kept up-to-date and should include information on all types of data that the business collects and stores, such as customer information, financial records, and medical records. The inventory should also list any security measures the company is taking to protect the data, such as encryption and multi-factor authentication. Additionally, the inventory should include details on how the data is processed, stored, and used, as well as any retention and disposal policies. Having a data inventory is essential in ensuring data security, as it allows companies to be aware of their data, where it is located, and how it is being used. This information can then be used to implement better security measures and protect the data of their customers.

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