Employee Data

Introduction In today’s digital age, the importance of data anonymization cannot be overstated. With the rise of big data and analytics, companies are collecting vast amounts of sensitive employee information, including compensation and benefits data. However, this sensitive information can pose a significant risk if not handled properly. According to a recent study, 64% of companies have experienced a data breach in the past year, resulting in an average loss of $3.92 million. In this blog post, we will explore the role of data anonymization in compensation and benefits, and discuss its importance in modern business. ...

Introduction In today’s digital age, the importance of security architecture in compensation and benefits cannot be overstated. As organizations continue to rely on technology to manage employee data and administer benefits, the risk of cyber threats and data breaches grows exponentially. In fact, a recent study found that 64% of organizations have experienced a data breach, with an average cost of $3.86 million per breach (IBM, 2020). This is why it is crucial for organizations to prioritize security architecture in their compensation and benefits systems. ...