Impacts on Businesses

• Data Breach: Corporations maintain vast reservoirs of sensitive data. A breach can expose customer data, financial documents, strategic plans, and intellectual property.
• Operational Interruptions: Hacking can lead to systems becoming compromised or unavailable, causing interruptions in daily operations and potential revenue loss.
• Financial Ramifications: Beyond direct theft, businesses can face legal penalties, remediation costs, and potential compensation claims after a breach.
• Brand and Reputation: Trust takes years to build but can be shattered in an instant. Post-breach, businesses often face a significant downturn in customer trust and brand perception.