– why do data breaches cost millions of dollars?

Question

– why do data breaches cost millions of dollars?

In: 3548

Answer 1

One/more/all of the below:

– Fines from the government or regulatory bodies.
– Loss of business from companies and/or consumers that no longer trust you and stop doing business with you.
– Cost of investigating how it happened.
– Buying new IT infrastructure and hiring employees to prevent it from happening again.
– Running a marketing and PR campaign to try to restore your reputation.