Video
Unveiling the Hidden Costs of Data Breaches: What Every Business Needs to Know
21 Jun 2024
When it comes to data breaches, the aftermath doesn’t end when the incident is resolved. Businesses often face long-tail costs that can have a lasting impact on their bottom line and reputation. Understanding and preparing for these potential costs is essential for companies looking to minimize the repercussions of a security breach.
Recent cases, such as the $6.75 million fine imposed on Blackbaud for inadequate breach disclosure, highlight the importance of accurate and timely reporting. This week, federal contractors paid a total of $11.3 million in penalties for cybersecurity failures, underscoring the far-reaching consequences of security lapses.
For a comprehensive overview of the legal and financial risks associated with data breaches, watch the video below:
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