GDPR Compliance and Significance of Securing PII
The Importance of Securing Personally Identifiable Information (PII) In today’s data-driven business landscape, organizations frequently collect, store, process, and transmit Personally Identifiable Information (PII) from their customers. This increased usage of PII makes it a prime target for cybercriminals who exploit vulnerabilities to steal sensitive information and sell it on the dark web. Data breaches can result in significant financial losses and damage to an organization’s reputation. The Threat Landscape and Data Breaches The frequency of data breaches is a major concern, often making headlines. The shift to remote working has further exposed vulnerabilities, providing more opportunities for cybercriminals. For instance, a ransomware attack on the multinational IT service provider Cognizant, involving the Maze ransomware, affected its clients. In another case, a significant data breach in June 2020 compromised the sensitive information of over 7 million Indians through ...