Impacts Of Data Breach On Companies Challenges And Prevention
There are proven ways to reduce the overall impact of a breach and have methods in place to strengthen consumer trust.
Over the past few years we have seen many such instances of data breaches have affected a number of businesses irrespective of the large scale business and the small scale business. So collectively irrespective of the small-scale or large-scale business the data breach impact is in immersive because of this we know how companies have lost their reputation and they go into loss of money whether it includes the organization that we are all known about such as Facebook or Instagram LinkedIn.
various circumstances are known that how can data breach happen
i)insider person: data leak by a company employee or a family member to competitors can lead to a data breach.
ii)weak password: it is the most common cause of the data being stolen when we have a weak password the attackers can easily crack your data and the solution to this is to use complex.
The damage of data breach can have on a business can be severely demoralizing particularly if the breach was avoidable one or the breach puts the customer data at risk.
One such example of a data breach was in 2017 of the famous social media platform Instagram where the data of 6 million users was at stake, not only Instagram LinkedIn and Facebook are other such examples where the data breach has happened and has mostly affected. The data which can be prevented if we do not use the same password for all the social media sites to recognize the email or malware attack.
To avoid a major lost post-data breach, every organization must have an incident response plan and engage in effective threat modeling.
There are proven ways to reduce the overall impact of a breach and have methods in place to strengthen consumer trust.
Organizations that are there should know their security weaknesses and strength for database and data lost prevention and protection data therefore act on producing potential damage.
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