Companies that experience data breaches can be responsible toward possible harm to the lives of their customers. This also leaves the company vulnerable to loosing intellectual property and tarnished trust with possible future customers.
Human error or slip up
System error or bugs
Deliberate or malicious act
Lack of education on cybersecurity topics
Identify theft to the users
Reputational damage of the company
Lawsuits or legal Issues
Revenue loss as a consequence
Recent Breaches that may impact you.