Data breaches are prevalent in today’s cybersecurity landscape and it isn’t surprising why – attackers are using more sophisticated tools and methods to attack organizations and launch cyberattacks.
Modern-day technology has not only empowered businesses with better technology and ways to protect themselves against cyber attacks but it also paved the way for attackers to conduct malicious attacks that are difficult to detect and eliminate quickly.
Data breaches have significant long-term effects on businesses.
Be it financial loss to operational downtime or reduced customer retention rates, a data breach can be detrimental to companies.
Moreover, if customers’ data is compromised in a data breach, they can file lawsuits against the company that suffered the breach.
Here are four of the most significant long-term consequences that enterprises face after a data breach. They clearly emphasize the importance of having better security policies in place.
Info-graphics Source – Cypress Data Defence