Most of the businesses have gone online and store vital information related to their customers, employees and business strategies over the internet. Unauthorized access to this crucial information can incur huge losses for a business. Here are some ways in which hackers can get access to critical details of the companies.

Malware
Passwords that are weak or stolen
Poorly designed software
Improper Configuration
A chaotic procedure for database access

A data breach can happen to every business and the overall loss that a company incurs depends upon the amount of information compromised and how quick the organization reacted to it. Enterprises need to strengthen their cloud data security to ensure that there are minimum damages. Here are some of the impacts of a data breach on a business.

A cyber-attack causes an organization to shut its business which leads to substantial financial losses. The companies hit by a breach need a lot of money to recover from the breach and start their operation once again, and in most of the cases, they find it hard to raise funds.

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