A number of massive consumer information leaks occurred over the past year. The data breach headlines of 2017 included many known giants in technology and retail. DATAVERSITY brought this interesting information to our attention in their article, “Data Risk in 2018: Data Management and Data Integrity Necessities.”

Cybercrime is expensive and the damage is far-reaching. This includes damage and destruction of data, stolen money, lost productivity, theft of intellectual property, theft of personal and financial data,  embezzlement, fraud, reputational harm, and covering the costs of forensic investigation and the restoration and deletion of hacked data and systems.

These events exposed various levels of personal information and left many consumers vulnerable to identity theft and personal risk. These events spotlight the obligations of corporations to protect consumers’ privacy and security – especially in the modern era of big data and analytics-driven business.

Melody K. Smith

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