Becoming aware that your company has suffered a data breach can be unsettling. However, due to the nature of cybercriminal activity, it is crucial to react quickly and correctly to contain the incident, minimize any further damages, and protect your business from legal troubles. Data breaches are affecting millions of people across the globe, with over 340 million records already compromised in 2023 headline cases and new incidents surfacing every week.

In the digital age, identity theft poses a pervasive threat that organizations, regardless of their size or sector, must relentlessly combat. This insidious form of cybercrime involves the malicious exploitation of sensitive and confidential data, carrying grave implications for any organization. The consequences of a single breach can encompass financial losses, irreparable damage to reputation, and the imposition of regulatory penalties.

“Technology trust is a good thing, but control is a better one.”

Since the onset of the pandemic in 2020, global concern for data security and privacy has skyrocketed like a dazzling display of fireworks on New Year’s Eve. With an ever-increasing number of people utilizing online services and sharing their personal information on websites to engage in e-commerce transactions, the infrastructure for collecting and safeguarding consumer data has become of paramount importance.

As the world has evolved in significant ways over the past several decades, so have the threats that businesses face daily evolved. In particular, cybercrime has grown into a nefarious force that harms businesses and causes irreparable damage. From holding information ransom to stealing private financial information, there is no limit to the damage that cybercriminals can inflict upon your operations.