COVER STORY
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To comply with industry regulations Many industries have specific regulations and standards that require businesses to protect sensitive data, such as credit card information and personal data. Failing to comply can result in penalties and legal action.
4 To protect reputation and customer trust
EXN
A data breach or cyberattack can damage an SMB’s reputation, affecting its brand and customer trust. This can result in financial losses and long-term damage to the business.
5 To protect financial stability Protecting financial stability: A successful cyberattack can result in financial losses for SMBs, including theft of sensitive information and financial data, ransomware attacks, and business interruption.
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