Income Levels
A breach of earnings information can expose sensitive data such as salary figures, bonuses, commission structures, and other forms of compensation, which may result in serious operational disruptions, reputational damage, and compliance issues for the business.
Types of Compromised Data:
Salary details and pay scales
Bonus and incentive structures
Commission arrangements
Equity and stock options information
Other compensation-related packages
Potential Consequences for Businesses:
Increased susceptibility to internal and external fraud due to disclosed compensation structures.
Internal disputes regarding pay equity and fairness, leading to low employee morale and productivity.
Complications in recruitment and retention efforts as candidates or employees react to earnings transparency issues.
Escalated costs associated with remediation efforts, mitigating damage, and potential legal fees.
Risk of non-compliance with data protection regulations, resulting in financial penalties and legal repercussions.
Erosion of stakeholder trust and brand reputation, affecting long-term business relationships and market position.