How do data breaches impact organizations? 🔊
Data breaches can significantly impact organizations by compromising sensitive information, including customer data, intellectual property, and financial information. The repercussions often include financial losses due to fraud, legal penalties, and a damaged reputation. Companies might also face costs related to system recovery and enhanced security measures. Trust is eroded among customers, possibly leading to decreased sales and market value. Consequently, data breaches necessitate robust cybersecurity strategies to protect against potential threats and maintain stakeholder confidence.
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