People all over the world have become victims of theft as a result of data breaches. Technology is quickly advancing, and many companies are failing to keep up with the new technology. Technology can be useful for business and bad for business depending on who has access to the company’s information. Derek Brink has recently collected data from over 17,000 manufactures in the United States and Canada. He obtained this data to evaluate the characteristics of all of the companies.
Technology is taking over, and many companies have included technology in their company one way or another. Using technology has begun to challenge companies. The two largest concerns that they now have is managing user profiles and providing users with strong security. It is important that IT pay careful attention to detail when they are creating the technology that will ensure the safety of their users and their personal information.
Data breaches have affected many manufactures because they did not have the proper security in place thus risking the confidentiality and safety of their user’s information. Third party users play a big part in security needs. Outsiders that have access to the same platform as the regular users can misuse the technology and cause significant problems. If the proper security is not in place, people can become victims of theft by third-party users.
A significant amount of information to date has been stolen from companies. The information that is taken puts users in a dangerous place as well as the company. Contracts that are signed and essential documents that are stolen break the agreement made between the two companies. Data breaches can cost companies thousands of dollars. It can all so cost them the trust that they have built with their users.
According to OneLogin, Stable and robust security can be the reason that a company succeeds or fails. Users are very interested in knowing that they are safe. Their safety is what allows them to put their trust in manufacturers. When a data breach takes place and information are put into the hands of the wrong person people lose confidence.