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Any operational downtime or even worse data loss due to a databreach could significantly impact customer loyalty and their highly anticipated holiday season revenues. According to a recent study, the average cost of a retail databreach in 2024 is reported to be $3.48
A 2024 Thales report found a high correlation between achieving regulatory compliance and minimizing databreaches. Organizations that failed a compliance audit: 84% have a breach history, 31% within the last 12 months Organizations that passed a compliance audit: 21% have a breach history, 3% within the last 12 months 2.
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