More than four years ago, in May 2014, the Financial Accounting Standards Board (FASB) released a new set of accounting standards that was poised to make waves for many years to come.
Equifax stock fell 35% after a massive data breach was revealed — and at least one executive is facing criminal charges. Target’s quarterly net earnings plunged 46% following the news that credit card information had been compromised for as many as 110 million customers.
The world is essentially a global network for data transmission, which makes identifying and securing personal information even more difficult. For decades, professionals have been implementing a multitude of risk-based or security-focused frameworks to manage and protect their environments.