The consequences of privacy breaches can be severe:
Financial Penalties: Non-compliance with data protection laws can result in significant fines. Legal Action: Affected individuals can take legal action against the business, leading to costly lawsuits. Reputational Damage: Breaches can damage a company’s reputation, resulting in loss of customers and reduced market value. Operational Disruptions: Breaches can disrupt business operations, leading to significant downtime and financial loss.