GLOBAL PAYROLL MAGAZINE
41
en
In today’s digital age, where data is commonly regarded as the new oil, businesses across industries are increasingly vulnerable to cyber threats that are now being executed through a vast array of mediums. Among the most coveted treasures for cybercriminals is your payroll data and, unfortunately for the victims of data theft, that data is more accessible and cheaper than ever. Here’s a short breakdown of what type of payroll data cybercriminals are after and how they intend to use it: Employee Personally Identifiable Information – used for identity theft, fraud or sold on the digital dark web. Salary and Compensation Data – typically used for targeted phishing scams, extortion attempts, or to gain leverage in social engineering attacks. Banking and Financial Information – can be used for unauthorised fund transfers, fraudulent transactions, or identity theft. Tax Information - can be used for tax fraud or identity theft. Employee Login Credentials - Compromised accounts can be used for unauthorised access to sensitive company data or for launching attacks on other systems within the organisation. Benefit Information – potential use for fraudulent activities, including insurance fraud or identity theft.
bilities in businesses’ erserve incidents as prime ats. The value of stolen data, the urgent need for robust ring figures, and proactive er landscape.
Made with FlippingBook Annual report maker