Discuss the potential consequences of data leak... - SS2 ICT Handling Computer Files II Question

Data leakage due to file insecurity can have severe consequences for both individuals and organizations. For individuals, it can lead to identity theft, financial loss, and compromised personal information. This can result in damaged credit scores, fraudulent activities, and emotional distress. For organizations, data breaches can lead to reputational damage, loss of customer trust, legal liabilities, and financial repercussions. Proprietary information, trade secrets, and customer data can be exposed, leading to competitive disadvantages and regulatory penalties. In some cases, data breaches can even lead to business closures and severe financial setbacks.