– why do data breaches cost millions of dollars?

Question

– why do data breaches cost millions of dollars?

In: 3548

Answer 1

1. Ransom money
2. Money to fix the breach
3. Lost business because customer doesn’t trust you anymore.
4. Loss of competitive advantage because your inventions were stolen.
5. Government fines.
6. Lawsuits from customers.
7. Higher insurance premiums.

Probably more but all I can think of on first pass!