What are the Consequences of Failing to Protect Data?
Failing to protect data can have severe consequences for entrepreneurs:
Financial Loss: A data breach can result in significant financial losses due to fines, legal fees, and loss of business. Reputational Damage: Losing customer trust can damage your reputation and make it difficult to attract new customers. Legal Penalties: Non-compliance with data protection regulations can result in hefty fines and legal action. Operational Disruption: Data breaches can disrupt operations, leading to downtime and lost productivity.