In last week’s blog, we covered some of the major costs companies incur when employees have their personal data compromised. Today’s article will focus on four key steps human resources can take to prevent these costs by protecting their company’s greatest assets — their employees.
In the first blog of our human resources series, we covered a brief overview of the role HR representatives play in the protection of their employees’ personal data. Today’s article will focus on the types of costs companies incur when employees or clients have their private information compromised.
The damages aren’t as clear-cut as you might imagine, and the impact to your company’s bottom line can be devastating. Here are just a few examples of the wide-ranging costs your organization can suffer due to security breaches and the loss of sensitive data.
Interviewing prospective hires. Mitigating employee disputes. Analyzing job performances.
When you hear “human resources,” you likely think of some of the traditional responsibilities listed above. However, technology has significantly altered the role HR plays in any organization. This is especially true when it comes to the protection of employees’ personal data.
Last year, ransomware attacks cost businesses $1.5 billion, and one widespread attack, WannaCry, is on track to generate over $4 billion in lifetime damages. There’s no mistaking it: Ransomware is a big business. And, like all businesses seeking longevity, it is evolving.
Introducing the Priceline of ransomware — a new attack that allows victims to name their own price.
We are armed with the most advanced anti-virus protection ever produced; we have access to more knowledge than we could possibly digest; and we have been warned about the risks of cybercrime more times than we can collectively count. Yet, we are at a greater risk of becoming victims of security breaches than ever before.
That’s because human beings are the weakest link.