About This Resource
For most companies, the Human Resources department has a long history of guarding sensitive employee data. Rows of beige file cabinets line a back closet where only those with a key and knowledge of the filing system have access to the personal information of countless employees. The greatest risk to this data has always been fire or water damage, but that’s quickly changing with the emergence of online data storage.
Today, a combination of IT and your data security personnel are likely the protectors of your most sensitive information. Unfortunately now that all of this information is out of hand and off desks, it is easy to forget that data security is a team effort where all parties are responsible. Regardless of the security measures put in place by the company, careless sharing of passwords by employees or simply being unaware of potential threats can negate best efforts.
Computer Business Review estimates that some 4.5 billion records were compromised globally in the first half of 2018 alone – 41% by accidental loss or a malicious insider. Since 2005 the Identity Theft Resource Center has tracked an alarming rise in U.S. data breaches, with nearly 1600 major incidents reported in 2017, and not since 2011 has there been a decline in the number of annual data breaches in the U.S.
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