What is a data inventory?

A data inventory is an organized list of all the data that a company or organization holds. It includes details such as what type of data is stored, where it is stored, who has access to it, and how long it can be kept. In Mississippi, data inventories are a part of data security law. Companies that handle customer data or sensitive information must keep an inventory of all their data, to show that they have safeguards in place to protect the data. Companies must also keep records of who has access to the data and what security measures have been put in place, such as encryption. Companies must also make sure that the data they are collecting is necessary and relevant to their operations. Data inventories help companies stay compliant with data security laws, as well as ensure that they are securely storing and managing their customer data.

Related FAQs

What is the role of data security in ecommerce transactions?
What is the data minimization principle?
What is the Fair and Accurate Credit Transactions Act (FACTA)?
What is a breach notification law?
What is a data breach?
What are the GDPR principles?
What is the Information Commissioner's Office (ICO)?
What is the purpose of the GDPR accountability principle?
What is the definition of “personal data” under GDPR?
What are the implications of GDPR for international businesses?

What is a data inventory?

Related FAQs

Related Blog Posts