The numbers are staggering. On average, individuals victimized by identity theft pay $201 in remediation, while organizations pay an astounding $5.9 million. What’s more, business profits can plummet by as much as $3.2 million because of cyber-crimes.
That’s just what happened to Anthem – the latest company to be hit as part of the growing wave of cyber-attacks.
But numbers alone don’t tell the story. In a just-released commentary, our own Drew Smith explains the impact of identity fraud on employee productivity and hacked companies’ reputations.
Despite ID fraud’s meteoric rise, he says individuals and companies can fight back.
Read the full article here.
For more information about InfoArmor’s Identity Protection visit our website.