Ransomware attacks can have long-term financial consequences for companies beyond the immediate costs of the ransom, according to IBM’s Cost of a Data Breach Report. The impact can include legal and insurance fees, regulatory fines, recovery costs, and reputational damage. A breach can significantly impact company earnings and stock prices. Most companies see a drop in net income and stock prices following a breach. A major part of reducing these effects lies in being proactive and open about the breach.
Nearly 250,000 Records From Tax Credit Consulting Agency Exposed
Summarize this content to a maximum of 60 words: Research has uncovered an unencrypted, non-password-protected database containing 245,949 records.
