Establishing a Corporate Algorithm to Mitigate Data and Information Privacy Breaches
K. M. Moorning

During the last five years, more than nine billion customer records have been compromised. As digital transactions assume greater influence in the day-to-day lives of people around the world, many people want ways to hold businesses accountable for information control. Data breaches are linked to weak internal security procedures and practices, likely due to misconfigured digital systems. Transporting customers‟ private information online or in global networks to third parties means an increased risk of an outsider gaining deep visibility into confidential information. It is challenging to obtain relief through legislation, and consumers must determine with their own volition which businesses to trust. The fiduciary duty of protecting consumers‟ valuable information is dissolute, while the secondary market of selling data pulled from businesssystems is rampant.Critical risk perception measures to reduce the severity and vulnerability levels of information misuse should assuage breaches by placing a hefty burden on data protection and control. This research discusses the surge in digital transactions, recent data breaches, e-commerce legislation, and presents a corporate analysis of risk probability (CARP) score as a new measure for analyzing data breach risks.

Full Text: PDF     DOI: 10.15640/jcsit.v6n1a1