According to research done by the Ponemon Institute, respondents said that their brand would diminish by 21% in the event of 100, 000 confidential consumer records being lost due to a data breach and that it would take on average about a year to restore the organization’s reputation.
Data breaches involving employee confidential information and also records containing confidential business information can also be extremely harmful to an organization. Forty-seven states, the District of Columbia, Guam, Puerto Rico and the Virgin Islands have enacted legislation requiring private or government entities to notify individuals of security breaches of information involving PII.
Leave a Reply