A data breach occurs when unauthorized parties access and extract sensitive data from an individual's, company's, or organization's digital systems or databases.

Monetary Benefits: Offenders can trade the stolen data, like credit card numbers or personal details, on the dark web for money.

Committing Identity Fraud: With the stolen data, they can pose as someone else, potentially initiating credit transactions or other fraudulent activities under that person's identity.

Business Spying: Rival businesses might access confidential business data to get a leg up or strategic insights.

Holding Data Hostage: Perpetrators can lock data and demand money for its decryption, commonly seen in ransomware incidents.

Tarnishing Image: By revealing confidential data, culprits can tarnish a company's public image, possibly leading to a loss of trust among clients or partners.

What steps can be taken to safeguard data?

To ensure your data remains secure from breaches:

Adopt Robust Passwords: Ensure each account has a distinct, intricate password.

Turn On Two-Step Verification: This provides an additional security layer for your accounts.

Stay Updated: Regularly update all software and systems to address any security flaws.

Implement Firewalls and Antimalware: Utilize firewall defenses and trustworthy antimalware programs.

Train Your Team: Make sure employees are well-informed about cybersecurity protocols.