Security Solution West Palm Beach: How Cam Data Breach Impact Your Business?

Data security is about keeping your data safe. Data can get lost due to system failure, corrupted by a computer virus, deleted or altered by a hacker. Here are three ways a security breach could impact your organization:

• Costs fines, and reparations – The average US data breach cost in 2017 was $7.35 million (Ponemon Institute Cost of Data Breach Study 2017). That’s 5% up from 2016. This figure includes legal fees, fines, auditing services, repaying customers and other financial losses.
• Reputational damage – As an example, the Equifax damage breach in 2017 led to damage costs at a staggering $87.5 million. But worse, if you type Equifax into the Google search engine then topping the list of the autocomplete suggestions is ‘Equifax breach’. Almost two years after the breach, the company is still suffering the negative after-effects of their data mistakes.
• Job losses – In cases of security breach, you could be forced to take the blame for any repercussions. There are many instances where we saw high-level redundancies in big companies that fell victim to security breaches.

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