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The Importance of Cybersecurity in Management
Cybersecurity is crucial for safeguarding sensitive data, maintaining customer trust, and ensuring compliance with regulations. For executives, understanding cybersecurity involves not only recognizing potential threats but also implementing robust security measures. A breach can lead to significant financial losses, legal liabilities, and damage to brand reputation. According to IBM's 2023 Cost of a Data Breach Report, the average cost of a data breach is $4.45 million1.