Create an inventory of your data footprints and design an easy-to-implement access control model for data protection.
What is the cost of a compromised user record?
Compromised user records of this sensitive information could lead to devastating financial loss. It is estimated that each compromised customer record could cost the business around $150. This price tag can exponentially increase since this information are stored in compact file or storage servers. Hypothetically, if 10,000 customer records were compromised, even a small business could face $1,500,000 in financial damage.
What is considered sensitive information?
Most companies deal with sensitive data and information of their customers like Personal Identifiable Information (PII) and Personal Health Information (PHI).