Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Hackers are no match for human error.
Employee negligence is the main cause of data breaches, according to a state of the industry report by Shred-it, an information security company. The report found that 47 percent of business leaders said human error such as accidental loss of a device or document by an employee had caused a data breach at their organization.
Over 1,000 small business owners and C-suite executives in the United States were surveyed online in April for the report.
In 2017, data breaches cost companies an average of $3.6 million globally, according to a separate report from the Ponemon Institute.
For smaller businesses especially, that price tag could wipe out the entire firm. For a company of any size, a data breach can also cheapen a company's brand and negatively impact their ability to do work, according to Shred-it.
"The study's findings clearly show that seemingly small habits can pose great security risks," said Shred-it vice president Monu Kalsi.
Many of the most dangerous offenses by employees are things that they might not even think about as risky behavior. A surprising number of workers surveyed by Shred-it admitted to bad security behavior at work; over 25 percent said that they leave their computer unlocked and unattended.
Even taking notes on paper, or leaving papers out on your desk, can have unintended consequences.
"When you use paper to document notes or meeting minutes it raises the risk of you leaving that information behind," said Kalsi. A simple mistake can backfire; earlier this year, a Department of Homeland Security employee left sensitive Super Bowl security documents on a plane.
Working from Starbucks or even your living room may be nice and convenient, but it could also be opening your company up to a dangerous data breach.
Remote work is increasing. Over half of hiring managers agree that remote work is more common and a third think it is the future of work, according to a report on the future of work from Upwork, a freelancing platform.
Cybersecurity practices have not yet caught up. A majority of executives agree that the risk of a data breach is higher when an employee works remotely, yet few businesses have comprehensive off-site policies in place for those workers. Over half of small business owners said they have no policy for remote workers.
In addition, contractors or external vendors also open up companies to data breaches. The Shred-it survey found that 1 in 4 executives and 1 in 5 small business owners said that an external vendor was the cause of a data breach at their company.
This is because many businesses don't do a thorough job of managing access when a relationship with an external vendor ends, according to Kalsi.
"There needs to be better governance around these things," he said.
More from Personal Finance
These are the ways student loans stop people from buying a house
Student loan nightmare: Some borrowers have to start over
People with massive student debt hope Trump will let them declare bankruptcy
Many companies have training and policies in place to protect data and teach their employees good cyber practices. But those efforts might not be frequent or prevalent enough to truly protect a company.
"The general assumption that a lot of companies make that if you train an employee once a year they will retain that information is a false assumption," said Kalsi. Training and awareness should be dynamic and ongoing to foster a company culture of good security practices.
In addition, cybersecurity should extend beyond the office and into the home, especially if a company has remote workers or uses external vendors to do business.
"This isn't just about commercial or business use anymore," said Michael Tanenbaum, executive vice president and the head of the North America cyber practice at Chubb, a global insurance company. "We're trying to make sure that as these trends continue, we aren't just thinking about the commercial end."
While transforming a company's cybersecurity practices can take months or years, here are some actions that can be set in motion right away.
1. Update the workplace policy. The report suggests a clean desk rule, as well as a chapter of company policy dedicated to remote workers and external vendors.
2. Secure physical access to information. Keep sensitive information locked in desk drawers or in lockers, shred paper documents when necessary and take notes on a computer or laptop.
3. Dispose of old hard drives correctly. "A lot of companies or employees assume that information can be deleted or cleaned on a hard drive, but it's not true. The hard drive has to be destroyed, " said Shred-it's Kalsi.
4. Make sure every employee knows whom to call. An employee should feel comfortable reporting a lost or stolen device and do it as quickly as possible. "Communication is number one," said Kalsi.