"The undersigned organizations employ millions of individuals who are faced with this crisis and are doing their best to manage their personal and professional lives in the face of uncertain times. Many companies have instituted mandatory work-from-home measures to limit community," reads a letter from companies and trade organizations to California Attorney General Xavier Becerra.
"Each piece of personal information that is subject to the breach can lead to damages of between $150 and $750 per breach," Sean Nalty, a partner at Ogletree, Deakins, Nash, Smoak & Stewart in San Francisco, said. "It is important that companies make sure their culture and standards are focused on data privacy protections."
This is a day to raise awareness, foster dialogue, and empower companies to act to ensure proper privacy (and security) of all types of data and information.
Wire transfer fraud is a major threat. Understanding the risk highlights the importance of social engineering training for companies and their employees.