ID Theft and Data Breaches Cost Organizations Billions of Dollars Globally

Identity is critical to a business, ID Theft and Data breaches cost organizations billions of dollars globally.

In the first half of 2018, there were 944 breach incidents in the US alone, with nearly a million data records stolen every hour (Source: Breach Level Index). This is set to increase in 2019. Consumer concern about breaches will encourage companies to create Identity strategies that embed into every department. Countless businesses expend efforts in a continuous cycle of the breach, react, and circumvent—a true game of cat-and-data mouse. As data and digital experiences are placed in the hands of others, the concept of trust becomes even more crucial. Protection of personal data and privacy of that data and the quality of that data are no longer best practices, they are essential to any successful organization.

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