The True Cost of a Data Privacy Breach: Financial Risks & Business ImpactData privacy breaches are more than just a cybersecurity concern-they are a financial nightmare for businesses of all sizes. From regulatory fines and legal costs to operational disruption and reputational damage, the financial implications of a breach can be devastating. In today's blog post, Shimon Sorga, Technical Manager and in-house data privacy expert, uncovers the true cost of failing to protect sensitive data.With cyber threats such as phishing, malware attacks, and third-party vulnerabilities on the rise, businesses must be more vigilant than ever. Even global giants like Amazon and AT&T have fallen victim to costly breaches, proving that no organisation is immune. But what are the real financial repercussions of a data privacy breach? And how can businesses mitigate these risks? Let's explore the numbers, the consequences, and the steps organisations can take to safeguard their future.