Data security, access and privacy
Not providing adequate protection and security of an organization's data, or not complying with relevant governance laws, can end up being a very expensive mistake for an organization.According to an article on CSO Online titled The biggest data breach fines, penalties, and settlements so far (https://www.csoonline.com/article/3410278/the-biggest-data-breach-fines-penalties-and-settlements-so-far.html), penalties and expenses related to data breaches have cost companies over $4.4 billion (and counting).For example, Equifax, the credit agency firm, had a data breach in 2017 that exposed the personal and financial information of nearly 150 million people. As a result, Equifax agreed to pay at least $575 million in a settlement with several United States government agencies, and U.S. States.But beyond financial penalties, a data breach can also do incalculable damage to an organization's reputation and brand. Once you lose the trust of your customers...