This year began as last year ended, with a continued wave of cyberattacks against companies large and small. The most notable were Anthem and Premera Blue Cross, but regardless of the size and scope of the data breaches, the critical data harvested by hackers had grave effects on employers and employees alike.
The rise in data breaches has led to a surge of calls from panicked executives looking for ways to protect their firms and employees from the threats posed by identity thieves. The cost of identity theft is real, as evidenced by affected companies’ loss of revenue, employee productivity and even trust among customers.
The good news is that the tide is turning on cybercrime; privacy protection is gaining traction.
In a recently published commentary, Drew Smith, co-founder and CEO of InfoArmor, explains the havoc identity fraud can wreak on a company’s financials, productivity and reputation.