Financial Loss
According to IBM’s Cost of a Data Breach Report, the average cost of a data breach continues to rise annually. Incident response, legal fees, downtime, and lost revenue can significantly impact profitability.
Reputational Damage
Loss of customer trust following a breach can be difficult to recover. Reputational harm often extends beyond immediate financial impact and affects long-term growth.
Intellectual Property Theft
Organizations with proprietary data, designs, or research are frequent targets. Risk assessments help protect intellectual property by identifying access control and data protection gaps.
Operational Disruption
Ransomware and system outages can halt operations for days or weeks. Regular assessments help mitigate these risks through improved controls and recovery planning.
Legal and Regulatory Exposure
Failure to safeguard data may result in lawsuits, regulatory fines, and contractual penalties—particularly for organizations handling personal or financial information.