Published on June 20, 2019
Conceptual image of micro circuit. Security concept

Almost 40 percent of adults worldwide own smartphones, including 68 percent of those living in nations with  advanced economies. Cutting-edge hardware and software have infiltrated the business world. Companies
across the globe expect to spend more than $3.7 trillion on enterprise information technology solutions in 2018 alone.

But while these innovations have enriched our personal lives and the marketplace, they have also generated risk. They attract the attention of cybercriminals intent on stealing sensitive information from these devices and the applications that power them.

Employers and employees must take this into account when navigating virtually all critical operational activities, including global mobility. Both parties must address the issue of data security during the corporate relocation process. Unintended information loss can have a significant impact on organizations and their employees. To do this, stakeholders must develop a strong understanding of current threats and potential solutions to reduce the likelihood of data loss.

UNDERSTANDING TODAY’S CYBERSECURITY ENVIRONMENT

Most people are aware of the cybersecurity risks that accompany data sharing. Major breaches make the news all
the time:

  • After its 2013 Black Friday data breach, which affected more than 40 million customers, Target has so far lost $18.5 million in a multistate settlement.
  • Equifax, one of the largest credit reporting agencies in the U.S., exposed the data of more than 143 million Americans. More than 200,000 credit card numbers were compromised. 
  • After failing to report a massive data breach that affected more than 500 million accounts, Yahoo was fined $35 million by the U.S. Securities and Exchange Commission.

What people may not understand, however, is how often smaller data breaches happen. Hackers executed more than
53,000 cyberattacks in 2017, more than 2,200 of which resulted in confirmed data loss.6 This activity is expected to
accelerate and grow in volume as technology becomes even more entwined with daily life.