As the electronic transfer of information has become almost ubiquitous in the digital age, the risk of data being lost, stolen or misused has increased dramatically.
In 2016, there were 1,093 data breaches in the United States, a 40 percent increase from 2015’s 780 reported breaches. Numbers from 2014 estimate the average organizational cost of a data breach is almost $6 million – having data compromised is not cheap.
No matter how it happens, the consequences remain the same. Breaches can result in the loss of credit card, social security, banking and health records. But, there are steps companies can take to prepare for a data leak.