Not all data breaches are on the scale of Target and Home Depot. As a matter of fact, most of them are with much smaller companies. The reason is simple: many smaller companies do not invest much time or money in IT security, so they are a relatively easy target for hackers.
Far too many organizations put their business, employees, and customers at risk when they do not take data security seriously. If financial, HR, and customer data are on an open network, it is not secure. Whether due to hacking or improper internal access, the release of internal financials, pay, bonuses, and employee agreements can cause lots of internal problems.
If your customer data is hacked, you risk liability with the credit card networks, and it can lead to bad publicity which impacts customer confidence and sales. [Read more…]