As human resources professionals continue to concentrate on assessing the needs of their organizations, one key area to focus on is preventing the theft of sensitive personal and business information. In 2017, we witnessed the most data breaches on record, with more than 15 percent more security incidents reported than in 2016. These data breaches exposed the Personally Identifiable Information (PII) of hundreds of millions of people, and caused billions of dollars' worth of damage. Beyond monetary losses, the emotional fallout of being hacked can be equally devastating to individuals and families. 

Employees whose information has been compromised from a fraudster exploiting their HR department will spend dozens to hundreds of hours out of the office to restore their identities. They'll feel a sense of betrayal from their company, hurting both morale and loyalty.

If the breach makes the news, the organization will have a public relations nightmare on its hands. Dealing with customer, employee and media inquiries alone will become a full-time job. Furthermore, if you or your department is the source of the breach, your job and reputation will be in jeopardy.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.