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Payroll systems hold a great deal of personal information that’s of interest to regulators and financial data that’s a prime target for cybercriminals. Modernizing these systems to meet present-day needs is growing increasingly critical. Average General Data Protection Regulation (GDPR) fines levied have increased over the past year, suggesting that regulators are stepping up their efforts to identify and penalize organizations that fail to properly protect consumer and employee data. But cybercriminals have become more aggressive as well. As a result, risk management stakeholders must give careful consideration to how their organization stores, manages and transmits global payroll information.
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