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Experts tell SHRM Online that businesses should expect cybercrime to rise this year and that combating the problem will require a stay-the-course attitude.
More than 1,050 organizations have publicly disclosed that they were hacked in the first seven months of 2017, leaving more than a billion records compromised, according to Gemalto, a Belcamp, Md.-based digital security company. Gemalto predicts that hacking last year is on pace to match 2016, during which there were 1,985 data breaches.
Experts say companies from Arby's to Uber became vulnerable to hacking because they neglected cybersecurity initiatives in their race to increase business.
"Really, the root of the problem is companies are [moving] so quickly—getting connected to social media, getting more connected to more places, expanding their footprint—that companies are losing track of their critical assets," said Anthony Dagostino, global head of cyber risk at Willis Towers Watson, a global advisory, insurance brokerage and risk management company based in New York City.
Dagostino also told SHRM Online that employee and consumer data is always vulnerable to sophisticated hacking software. The lack of worldwide anti-hacking regulations isn't helping either.
Combating Cybercrime in 2018
Concentrating on tried-and-true anti-hacking methods—such as employee training, educating consumers on phishing software and beefing...