Published on July 18, 2019

Conceptual image of micro circuit. Security concept

Global mobility management companies have benefited from the development of advanced customer and enterprise technology. Mobility management is a highly data-intensive process with many interlocked parties sharing and utilizing personally identifiable information (PII).

Beyond standard PII like names, addresses and phone numbers, global mobility can involve information on banking, immigration, employee compensation and more.To increase efficiency, these pieces of data can be shared with downstream vendors through a mobility management system (MMS) as needed. For example, a moving company will need to know a relocated employee’s new address, but it won’t need banking information. While risky if mismanaged, these data exchanges are designed with people in mind. Relocating employees want their moves to be as seamless as possible, and so do their employers. But without a secure method for managing employee data, employers will only magnify the pressures already inherent in relocation.

UNDERSTANDING THE RISKS: DIGITAL SECURITY

Hackers create an estimated 360,000 fresh malicious files per day, almost 80% of which fall into the malware category.

Perhaps the most disturbing aspect of the digital threat environment is the sheer volume and variety of cyberattack types and methodologies.

  • Ransomware is among the most dreaded digital infections—and for good reason. These bugs, of
    which there are more than 12.3 million types, allow hackers to lock businesses out of their own systems and extort them for access.
  • Sometimes even paying the ransom doesn’t work, as 16 percent of firms learned in 2018. Cybercriminals also rely upon manual hacking, which occurred in almost 50 percent of attacks recorded in 2017. Social engineering-based assaults are also common. These center on two techniques: phishing and pretexting.
The former involves sending vulnerable users seemingly legitimate emails with hidden malware, while the latter involves leveraging a false narrative to convince individuals with system access to give up their credentials. Businesses using digitized corporate mobility workflows will most definitely confront these digital security risks and must, in turn, implement appropriate defenses.