If you want to get an idea of how many data breaches there are, check out this visualization from Information is Beautiful. You may have heard of the Anthem data breach in March, 2016, where hackers gained access to 80 million Americans’ private health information.
Data breaches can cost companies millions of dollars. How does this happen? If your company holds any kind of sensitive information, it’s important to have multifactor authentication and encryption set up. Don’t skimp on security services and make sure there is someone or a team maintaining your security system.
A note on passwords. It’s important that your entire team use very strong passwords, that they change every few months, and that the passwords include a combination of uppercase and lowercase letters, numbers, and symbols. To further protect your data, you can use one-time password, smartcard, and authentication systems.