The loss, theft, or breach of personal information can cause considerable damage to an organization's business and reputation. Lost productivity, loss of customer trust and confidence, lost revenue, and media scrutiny are just a few of the consequences of what can happen when there is a data breach or loss of personal information. Adding to this stress are the government and industry regulations requiring the implementation of policies and procedures that ensure that personal information is secure and safeguarded against theft and fraud.
While there is no way to prevent a data breach, – it is not a matter of "if," but "when" – organizations can minimize their risk of experiencing a data breach with greater awareness of the impact of a data breach and identity fraud, as well as a thorough understanding of data security, privacy, and the protection of personal information. Knowing how identity theft takes place and the impact it can have on organizations and the individuals they serve is a critical component in effective prevention of this growing crime.
The links below in Kroll's Data Security Resources section will guide you to a number of useful and informative resources related to data breaches and organizational loss of sensitive personal information to help you better protect your organization and your stakeholders.