Corporations and government agencies alike need to change their mindsets if they want to keep their data safe from hackers, said Charles Morgan, author of Matters of Life and Data and former CEO of Acxiom Corporation (ACXM). 'We always spent a lot of time on the whole concept that privacy and security is a state of mind,' said Morgan. 'It is how you act every day, not rules you follow. It is your attitude toward protecting this important asset which is customer data.' On the topic of privacy, Morgan said he went so far as to appoint Jennifer Barrett as Acxiom’s first Chief Privacy Officer in 1991, a position she still holds today at the company. As for the recent privacy breaches in the Federal government’s computer system, Morgan said the hackers are far ahead of those trying stop them from breaking in and stealing precious data. Morgan criticized the Office of Personnel Management, which revealed earlier this month that 21.5 million people had their information hacked from government servers, for only having a single identification factor in its security system. 'Once you’ve gotten inside the government or the Office of Personnel Management, if you get through one factor you can get anything, and they did,' said Morgan.

More from Video

Silver To Climb To $20, Outperform Gold In 2019

Silver To Climb To $20, Outperform Gold In 2019

How Are Algorithms Anticipating the Fed Decision?

How Are Algorithms Anticipating the Fed Decision?

Jim Cramer's Thoughts on the Fed, Oracle and Gold

Jim Cramer's Thoughts on the Fed, Oracle and Gold

All That Glitters Should Be In Your Retirement Portfolio: Ask Cramer

All That Glitters Should Be In Your Retirement Portfolio: Ask Cramer

Trading Strategies: Understanding the Markets Going Into 2019

Trading Strategies: Understanding the Markets Going Into 2019