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Epic or Fail_ Winners and Losers in Customer Data Security

Companies risk losing millions in revenue, as well as customer turnover, and a loss of reputation and trust due to data breaches.

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Epic or Fail_ Winners and Losers in Customer Data Security

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  1. Epic or Fail: Winners and Losers in Customer Data Security If it can happen to Facebook, it can definitely happen to you. Last year saw some of the largest, most trusted companies like Facebook, Google+, T-Mobile, and Under Armour experience massive customer data

  2. breaches. The number and scale of data breaches each year affects companies across every industry and shows no signs of slowing down. With 1 in 4 companies expected to experience a data breach in the next year, it’s time to reevaluate your company’s data security. Data breaches don’t just happen when a system or database is hacked. Phishing attacks, unauthorized access, and employee loss are just some of the common ways that companies expose their data to risk. And the cost? Companies risk losing millions in revenue, as well as customer turnover, and a loss of reputation and trust due to data breaches. ● Customer churn due to data breaches costs companies $2M to $5M on average. ● The size of the breach can cost companies an additional $2M to $6M on average depending on the number of compromised records

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