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As National Cybersecurity Awareness Month comes to a close, it is crucial that HR professionals be aware of potential cybersecurity risks and know the steps they must take to protect sensitive employee data.
"Technology plays an increasingly significant role in our daily lives," President Barack Obama said in a statement marking Cybersecurity Awareness Month. "The rise of the Internet has brought incredible opportunity and new ways of innovating and enhancing our way of life—but with great potential also comes heightened risk to our data."
Cybersecurity attacks are occurring more frequently and becoming more serious.
In September, Yahoo confirmed that hackers had compromised at least 500 million user accounts, making the incident the largest data breach from a single site in history. On Oct. 18, Yahoo CEO Marissa Mayer stated in a release that she remains confident of Yahoo's value and ability to keep its users despite the breach, which analysts believe might thwart the company's plans to sell its core business for $4.83 billion to Verizon.
Security breaches can be expensive for companies, according to the Journal of Cybersecurity. The total annual cost of cybersecurity crimes is $8.5 billion, and the cost for an individual company is about $200,000, according to research published in the journal.
Below are the most commonly occurring cybersecurity crimes:
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