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Avoiding Common Hacking Schemes to Protect Company Data

Avoiding Common Hacking Schemes to Protect Company Data

Since 80% plus of hacks are the result of human error, it never hurts to remind people of basic security best practices that can result in the opportunity to be hacked.

genom , CEO, LC Technology International

According to a 2016 study from IBM regarding the costs of data breaches and loss, the average consolidated cost moved from $3.8 million to $4 milj. On a granular level, the study also found the costs for each lost or stolen record containing sensitive and confidential information increased from $154 till $158. The stakes are indeed high for companies to properly manage their data, as loss and data exposure can effectively ruin a company’s reputation with customers and partners.

Here are seven ways individual employees and IT are causing companies to lose data, and some best practices for preventing crippling data loss.

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