5 Possible Consequences of a Data Breach

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Whatever your chosen industry, a data breach could have serious consequences, and this is something that every business owner should understand. There is confidential customer data which must always be protected and should your marketing strategies get into the wrong hands, this could seriously impede your progress. If you are a business owner, here are just a few of the potential consequences of a data breach.

1. Hacked Customer Information – 

Imagine what would happen if all of your customer details were hacked by someone? If this includes their financial records, there is a risk of serious fraud and as your company is responsible, this might lead to you having to face a lawsuit. Cybercriminals employ state of the art software that can hack into an unprotected database, yet by using cyber and network security services based in Sydney or wherever your business is located, you can ensure that all your confidential client data is protected at all times.

2. Loss of Trade Secrets – 

If your company invests a lot of time and money in research and development, those results are very valuable and should they fall into the wrong hands, this could seriously damage your company’s future. Every company that is at the cutting edge of design and manufacture is at risk of having their trade secrets hacked and most would employ a security consultant to ensure that this valuable data is protected from cyber-attack. There is some more detailed information about the potential consequences of a data breach, which highlights the reasons for employing security.

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3. Malicious Virus Attack – 

Not all unauthorized data hacks have the desired outcome – some are designed to simply destroy both hardware and the data it contains. If you were to be the victim of such an attack and did not have a backup of your data, you could lose everything. New viruses are released almost on a daily basis and without adequate protection, you are wide open to this sort of attack.

4. Going Offline – 

If your company website was hacked, you would have to take it offline, at least until the problem is resolved. This could easily lead to a loss in brand confidence, not to mention the risk of losing your customers to a competitor who has better online security. No business wants to experience an offline website and by taking adequate security precautions, your website is protected against any malicious attempts to breach it.

5. Losing Customer Confidence – 

Any organization that is the victim of hacking runs the risk of losing many customers, as people will not feel secure when doing business with a firm that does not protect their online data. This could have potentially disastrous consequences and for that reason, you really must enlist the help of a data protection company.

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The mysterious world of digital networks carries many risks of data breach, which is why you should ensure that your data is fully protected. If you would like to talk to a security expert, all it takes is an online search to take the first step towards total data protection, which is essential for any online business.