Data Breach

Definition

A data breach is an incident where unauthorized individuals access, steal, or disclose sensitive, protected, or confidential data. Such breaches can expose personal information like credit card numbers, social security details, or intellectual property, leading to identity theft or financial fraud.

Why it matters

Data breaches are a critical concern in today's digital age, emphasizing the importance of robust cybersecurity measures to protect sensitive information processed and stored by technology companies. Data breaches often result in significant financial losses for organizations, along with damage to reputation, loss of customer trust, potential lawsuits, and regulatory penalties.