Addressing security risks is vital for several reasons:
Financial Stability: Security breaches can lead to significant financial losses due to theft, fines, or loss of business. Reputation Management: A single incident can tarnish a company's reputation, leading to loss of customer trust and market value. Legal Compliance: Ensuring that the business complies with various regulations and industry standards can prevent legal complications. Operational Continuity: Mitigating risks ensures that business operations are not disrupted, maintaining productivity and service delivery.