Protecting sensitive data is crucial for several reasons:
Compliance: Many industries are governed by strict regulatory requirements such as GDPR, HIPAA, and PCI-DSS, which mandate the protection of certain types of data. Reputation: Data breaches can severely damage a company's brand reputation and result in loss of customer trust. Financial Impact: The financial consequences of data loss can be significant, including fines, legal fees, and loss of revenue. Competitive Edge: Protecting proprietary information ensures that a business maintains its competitive advantage.