Data，as a novel production factor，serves as the primary driver of digital economic development. Non-rivalrousness is the core characteristic of data，determining the fundamental principles governing the release of their value. However，this characteristic also gives rise to cross-industry and cross-sector data security and monopoly risks. Building upon the economic attributes of data，the overarching goal of balancing data security and digital economic development requires the establishment of a comprehensive interdepartmental regulatory framework with the National Data Administration at its core. This framework should entail a rational division of labor and efficient collaboration between industry regulation and market regulation. Additionally，Exploring a combination of regulatory policies for data classification management is essential，ensuring that the government plays a more effective role in the data factor market，enhancing the efficiency of data resource allocation，and realizing the maximization of data value and the creation and sharing of benefits.