Identity theft has made risk management important for ocmpanies
Identity theft is increased the need for IT security managing risk and exposure to thieves. Customers have had the unfortunate experience of having their credit files destroyed by thieves who live in other states or even countries. As a result, there are many new business privacy laws which require higher levels of security and better management of customer data. Data protection legislation is of the utmost importance. Companies must do what is necessary to protect their customers, but they do not want to be subject to penalties and lawsuits because of criminal activity. This makes it even more important for companies to do what is necessary to effectively manage the risk of data theft.
