Addressing risks and threats to payroll data

IN 2013, Yahoo was hit with one of the biggest, if not the most massive, data hacks in history. At that time, the company was in the process of a huge takeover deal. The company only revealed the breach in 2016 when it admitted that over a billion subscriber accounts had been compromised. It claimed that the hackers were able to access security questions and answers but were not able to steal payment cards and other bank details of the company's subscribers.

Lucky for Yahoo? Not really. It lost credibility to investors and the loyalty of its clients, which are some of the harm businesses subjected to data leaks have had to endure even years after a cyberattack. Nearly a decade later, we still hear reports of data losses due to cybersecurity breaches. In today's data-driven world, we have become increasingly susceptible to such. And as more companies embrace digital transformation, it also opens the floodgates for possible cyberattacks that become more sophisticated and more difficult to evade over time.