You don't have to work alone. Working with an IT outsourcing company can ease the burden of IT, the term is tech debt. So, you only need to focus on developing your digital business.
a. Potential material loss
When deciding to easily provide access to data & information to many parties, you increase the potential for material losses for the people involved in the data & information. The most common example is the case of mama asking for belarus email list credit. The data & information required is also not too much. Yep, just a cellphone number is enough.
Just imagine if the data & information taken is more than that. Starting from residential addresses, to transaction history. Irresponsible people can do more than just "mom asks for credit" which results in material losses for the party that is part of the data / information.
If pulled further, your digital business will also indirectly experience a significant material loss. For example, when your digital product user data/information is spread on the internet, the credibility of your digital business will be doubted.
If it's like that, you need to spend more money to control the damage that occurs. Both in terms of systems and PR. And that's no joke. In addition, non-exclusive data will lose its economic value. Want to read more about the economic value of data and information, huh? Hehehe.
What are the risks if you neglect consumer data security ?
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