There have been several research studies revolving around data security in learning institutions. Research has gone a mile even to analyze big organizations that have been vulnerable to losing data to online fraudsters. This research study aims to review past studies to understand what is happening in online space data management.
In 2013, 93% of large organizations were victims of data breaches, whereas 87 % of small-scale organizations fell victim in the United Kingdom (UK) (Ring, 2013). The high percentage indicates that cyber security and data management should be handled with much care. In 2014, a USA-based company had an incident of a data breach where more than 40 million credit cards were compromised, risking the information of more than 70 million people (Caldwell, 2017). The firm was liable for breach of data and ended up spending more than US$ 61 million for recovery and damages. It led to a 46% loss in profits. This breach of data information is a clear indication that cyber security and data management are essential in every organization.
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