It has been estimated in various industry publications that annually data breaches can cost US$2.1 trillion globally. The average cost of a single data breach will exceed US$150 million in that same period. If a breach does occur, being able to react quickly and appropriately can mitigate the damage.
https://newsday.co.tt/2021/01/14/data-protection-in-an-era-of-global-change/
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