Until the massive U.S. Target store credit and debit card data breach in 2013, the lasting impact of cybercrimes was a relatively unknown experience to most consumers, and it wasn’t on the top list of HR onboarding topics either.
Many of those with demanding jobs know that even when on vacation they must remain connected to the world in more ways than one to answer emails and handle important business matters. With the increased use, online services by these traveling professionals, especially in unknown territory, those traveling can quickly become a target of cyber criminals and hackers.
The financial loss from cybercrime in the U.S. exceeded $1.3 billion in 2016, a rise of 24 percent, according to a report by the Federal Bureau of Investigation's Internet Crime Complaint Center (IC3).
More than three-quarters of U.S. citizens are concerned about the privacy and security of their personal digital data, and almost two-thirds say they would feel more confident if government agencies with which they interact had stronger data-privacy and security policies.
According to the Cisco 2017 Annual Cybersecurity Report (ACR), more than one-third of organizations that experienced a breach in 2016 reported substantial customer, opportunity and revenue loss of more than 20 percent.
Private industries need to join the fight against terrorist ideologies, says Financial Integrity Network Chairman Juan Zarate. Read how in the July edition of Security magazine. This issue also includes guidance about CSO compensation and salary, banking security, emergency notifications and more.