UniCredit recently discovered an exposed database containing the personal information for millions of the company’s customers. Shockingly enough, the database had been accessible since 2015. The breach sent their share price down by 4%. The bank is spending a significant amount of money to update its IT infrastructure to prevent such an event in the…
Several employees fell for a phishing campaign that compromised their login credentials and patients’ personally identifiable information. Hackers accessed the data between May 24, 2019 and August 28, 2019. As a result, the company will bear the cost of identity and credit monitoring services for all victims, and they will face intense regulatory scrutiny. Check…
Lower Opportunity Cost – Outsourcing IT frees up senior executives’ time and resources to pursue strategic and value added activities that can substantially add to the firm’s bottom line and its cash flows. Now rather than chasing IT issues, managing IT resources, and handling frequent employee turnovers, executives focus on value creation through better customer service…
