Although most retailers look to the final weeks of the year as the best time to maximize annual revenues and drive customer engagement going into January, Target suffered a devastating blow that made headlines in late December.
Regulatory compliance continues to become more stringent amid increased data breach costs, the number of identity theft victims and several other economic-facing problems.
The common practices for identity and access management (IAM) are failing.
New technology continues to hit the market in rapid succession, with gadgets and software having relatively short lifespans as consumers and companies make novel purchases and deployments with consistent frequencies.
As many corporate decision makers have started to learn the hard way, privacy issues can no longer be mitigated by simple passwords, as hackers and other threatening parties continue to thwart even stronger practices of device owners and businesses.
Communication technology has had a profound impact on the public and private sectors in the past decade, especially with cloud computing, social media, messaging services and other channels becoming more popular and diverse with the passing of each year.
In light of the recent Target security breach, many consumers and businesses alike are worried about what may happen to their data.
Protecting personal information is a two-way street in the online environment.
While mobile payments may have seemed a pipe dream only a few short months ago, the transaction method appears to be picking up steam.
Most people know that any information that they share on social media will be recorded, tracked and potentially compromised in case of a security breach.