Soc 2 Compliance: An Overview of What Your Business Needs to Know
No matter the business size, the threat of data breaches or hacks is a dark cloud that hangs over every company. If data is mishandled, leaked, or stolen, the repercussions for businesses can be devastating. Cyberattacks on businesses can cause severe financial losses due to fines, legal fees, and remediation costs. As businesses are legally obliged to inform customers of a data breach, once customers find out, they can also cause irreparable damage to reputation, customer distrust, and loss of business.