The cost of data breaches to all businesses is at its highest level ever, with an average cost of more than $4.4M globally, more than $5.1M in Canada, and more than $9.4M in the U.S. This financial impact could cripple a small business as they face potential regulatory actions and fines, legal fees and the loss of customers. The 2023 Data Protection Report (DPR) reveals critical insights on the challenges small business leaders (SBLs) face and recommendations to improve data security practices.
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