Data theft is a situation that is becoming very common nowadays. In a business environment, this problem can cause major headaches for managers, as confidential information from an organization, depending on what is leaked, can cause immeasurable losses .
This cybercrime is considered a serious violation of security and privacy and, therefore, must be combated by companies.
With this in mind, Centric has prepared this article so benin phone number data that you can understand more about the practice of data theft and learn how to protect your company. Keep reading and check it out!
What is data theft?
The first step to understanding what data theft is is knowing where this information is stored. In other words, it is held somewhere, serving a specific purpose.
Therefore, confidential business information, employee personal data and documents in general are of great value and need to be protected. Typically, these files are stored in a database, which can be anything from a contact list to email inboxes or even more sophisticated software.
According to a recent study , stolen identities continue to cause massive breaches, exposing 1.5 billion users and costing companies an average of $9.4 million per breach in 2022.
Data theft occurs when there is unauthorized access to these environments, allowing the attacker to capture them for improper use.
Impact of data theft on business
Data theft can have devastating consequences for any business, affecting not only its immediate operations but also its reputation and long-term financial viability. Here are some of the main impacts that data theft can have on businesses:
Direct financial losses
The immediate cost of a data breach can be astronomical. This includes legal fees, fines for non-compliance with data protection regulations , and costs for breach notifications and credit monitoring for affected customers. Additionally, companies often need to hire security and forensic consulting services to determine the cause and extent of the breach. C