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New Report: 33% of Breached Face Financial Trouble Due to Fines, Not Breach Itself
By Donnie MacColl on Thu, 10/23/2025
If the breach doesn’t get you, the fines will. According to the latest Cyber Readiness Report by SMB-focused insurer Hiscox, after being breached, one in three organizations were hit with fines large enough to impact their financial health.This could result from doing business in multiple markets - California, the EU, and Canada, for example - and accruing respective fines of thousands or even...