Cyber attacks. Lost paper files. Third-party snafus. Misdirected emails. Endless are the ways in which sensitive personal information is accidentally or deliberately exposed. Despite best efforts, it is impossible to stop sensitive data from falling into the wrong hands.

According to a new report, Risk Based Security identified 3,930 data breaches reported during 2015, exposing more than 736 million records. Poorly managed, these data security and privacy breaches put organizations at high risk for regulatory fines, lawsuits, lost business and reputational harm. In addition, customers, patients and employees affected by the exposure of their sensitive information fall prey to identity theft and other forms of fraud.

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