30-second summary:
Cybersecurity breaches can have a significant financial impact on individuals and businesses. It is essential to understand the true cost of a cyberattack beyond just the initial damage. Research by Cybersecurity Ventures indicates that the global cost of cybercrime is expected to continue rising. This highlights the importance of investing in robust cybersecurity measures to protect against potential financial losses from cyberattacks. By recognizing the financial implications of cybercrime, individuals and businesses can better prevent and mitigate the consequences of such breaches.
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