Any kind of data breach for a business can bring about catastrophic results. According to Ponemon Institute’s Cost of a Data Breach survey, 2020 saw $3.86 million in lost assets from data breaches alone (with numbers for 2021 indicating growth to over $4 million), and the average data breach costs a small business around $108,000, due to the ramifications of losing customer information. This can be from loss of business, lawsuits, and other financial obligations. As you can see, such a data breach can be devastating to any kind of business. Even if you’re able to stay afloat following the loss of company and customer data, it can take years to recover from the attack. That is exactly why you need to know how to prevent data leaks in your place of business. (more…)