Data Breaches: how much does it cost us? Part I

We often hear about security breaches that companies of all sizes experience. What are the consequences of a security breach? Well, it depends. A significant attack on a company’s data can lead to even bankruptcy. Why is this happening? In many cases, the partners and consumers lose their trust in a company and decide to end the collaboration with it.

June 24, 2019

Data Breaches: how much does it cost us? Part I

5.11k

We often hear about security breaches that companies of all sizes experience. What are the consequences of a security breach? Well, it depends. A significant attack on a company’s data can lead to even bankruptcy. Why is this happening? In many cases, the partners and consumers lose their trust in a company and decide to end the collaboration with it.

This is the most common scenario. But can a security breach jeopardize the financial stability of a business? Definitely! When a data breach takes place, sensitive data are accessed by malevolent individuals leading to financial loss. Can you imagine how much money did companies lose with data breaches in the past year?

You can find the exact numbers in the infographic below!

But can a security breach jeopardize the financial stability of a business? Definitely! When a data breach takes place, sensitive data are accessed by malevolent individuals leading to financial loss. Can you imagine how much money did companies lose with data breaches in the past year?

Has your company experienced any security breach in the past year? What measures did it take to avoid a future attack? Share your thoughts in the comments section below!