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Data Breach Fallout: The Costly Consequences for Businesses in the Aftermath

Data breaches are on the rise due to the evolution of AI, with stolen credentials involved in 86% of incidents. Businesses face hefty costs in aftermath, such as United Health’s $22 million ransom payment and $1 billion recovery thus far, and T-Mobile’s $500 million fine. The lasting damage to reputation can lead to loss of customer trust. Businesses can mitigate risk with cyber training of employees, backing up critical data, and engaging cyber professionals for protection planning and response.

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