In cloud computing, not following the rules can really hurt a business. Here are some important effects of not being compliant:
Legal Fines: Businesses that don't follow rules like GDPR or HIPAA can get big fines. For example, if a company breaks GDPR rules, they might have to pay up to €20 million or 4% of their yearly earnings—whichever is higher!
Data Leaks: Not being compliant can make a business more vulnerable to attacks. A famous case is the Equifax data breach, where not following security rules led to sensitive information about 147 million people getting exposed.
Trust Issues: Companies can lose the trust of their customers. In today’s digital world, even one mistake regarding compliance can cause long-lasting damage to a business’s reputation.
Business Problems: Not following the rules can mess up how a business runs. This can lead to downtime and lost money.
Thinking about these issues early when setting up cloud systems can help avoid these problems and create a safer environment.
In cloud computing, not following the rules can really hurt a business. Here are some important effects of not being compliant:
Legal Fines: Businesses that don't follow rules like GDPR or HIPAA can get big fines. For example, if a company breaks GDPR rules, they might have to pay up to €20 million or 4% of their yearly earnings—whichever is higher!
Data Leaks: Not being compliant can make a business more vulnerable to attacks. A famous case is the Equifax data breach, where not following security rules led to sensitive information about 147 million people getting exposed.
Trust Issues: Companies can lose the trust of their customers. In today’s digital world, even one mistake regarding compliance can cause long-lasting damage to a business’s reputation.
Business Problems: Not following the rules can mess up how a business runs. This can lead to downtime and lost money.
Thinking about these issues early when setting up cloud systems can help avoid these problems and create a safer environment.