It is a common practice for a company to store personal or private information in its files. This information can be as crucial and sensitive as credit card information, social security numbers and other data which directly expose the company’s employees or customers.
This type of information is required to complete critical business transactions such as payroll. However, if an unauthorized person gains access to it, it could result in a major loss of privacy and damage to the company and its employees.
Considering the financial, moral and psychological consequences of security violations, it is imperative to protect personal information at all times.