According to a chronology maintained by the Privacy Rights Clearinghouse, nearly 240 million customer or employee records have been compromised in the US from January, 2005 to August, 2008. The increasing threat of security breaches, coupled with insufficient federal legislation, poses great risk to organizations and individuals alike. While complying with current laws, go further by implementing customized best practices or else risk more than just hefty fines.
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Records are compromised due to hackers, mobile device theft, lost back-up tapes, identity thieves, and disgruntled employees, just to name a few.