In small and mid-market companies, employees are the greatest source for theft of the confidential information and trade secrets of the company and its vendors. Surprisingly, there are three free or low- cost cyber theft reduction and tracking tools every company should incorporate into its IT infrastructure.
The European Union General Data Protection Regulation (GDPR) will become law on May 25, 2018 that is rapidly approaching with multi-billion dollar penalties for violation. It will require significant change to websites of U.S. companies and how they may collect and use personal data derived in Europe. This includes U.S. companies that have operations or vendors in Europe and transmit personal data from employees and vendors to the U.S. for processing and reporting. The penalties for GDPR violations are up to the greater of 4% of the company's global revenue or 20 million Euros are substantial. Now is the time for executives of U.S. companies to take prompt actions to comply before it is too late.