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Data breaches can have far-reaching consequences, from revealing sensitive information to public eyes and compromising your reputation to massive financial losses. IBM’s Cost of a Data Breach Report for 2020, the average cost of a data breach is $3.86 million and it takes 280 days on average to identify and contain a breach. Having clear data classification, strict security policies, and the right tools will help you ensure that everyone is on board to protect your data. The more sensitive the data you keep, the bigger the risk that it will fall into the wrong hands.