Data is one of the greatest assets of a company, and when information is lost, it can result in substantial costs.
Data can be lost several ways, the most common ways are through technology and process errors or external exposure.
Firms such as Amazon and Walmart have had customer passwords leaked online, and these are only the significant breaches that we hear about, but there are many more. It also costs time and money to fix a breach.
In a 2018 PwC UK report on the state of global information security, companies averaged a recovery time of 19 hours when they encounter a security breach,
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