On average, employees in the financial services industry have access to 11 million files as early as their first day on the job, according to this Varonis Report. Securing these files can often prove to be challenging, something that the transition to remote work exemplified. Now, organizations need to consider securing files so that they can be safely accessed no matter where an employee may be working from. By the end of 2020, data breaches had compromised 37 billion records. This was an increase of 141% from 2019 (the highest amount recorded to date), resulting from insider threats, hackers, or unintentional data exposure, and highlights the importance of implementing data loss prevention (DLP) tools, as up to 70% of data breaches require public disclosure or result in a negative financial impact.
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