Over the past few years, there have been numerous high-profile cybersecurity attacks, compromising critical data of major corporations, governments, nonprofits, and small-to-medium sized organizations. The effects of these breaches include reputational damage, disruption of key business operations, and fines and penalties assessed by regulatory bodies.
Cybercrime damages are projected to reach $10.5 trillion by 2025. In an effort to protect consumers, regulators have no choice but to keep tightening compliance regulations.
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