Data security is a crucial component of government enterprise as it ensures confidentiality, integrity, and availability of digital information:
Protection from Unauthorized Access: Data security safeguards sensitive information from theft and corruption. Implementing robust security systems and measures, PSFA can prevent unauthorized access to data.
Financial Implications: A data breach can lead to significant financial losses. When trust is compromised due to a breach, it can result in decreased confidence and impact the mission of PSFA.
Reputation and Trust: Data security not only shields from external threats but also internal ones. Maintaining data security helps preserve a reputation and fosters trust in PSFA and the State of New Mexico.
Compliance: Failure to relevant regulation may result in audit findings. Proper data security practices ensure compliance.