The risk of falling victim to a cyber crime is a serious and growing threat for businesses worldwide. Any company, regardless of size, that uses the internet or smartphones in its business operation is vulnerable. According to a recent estimate, the annual cost of cyber crime in the United States is more than $100 billion. It is also very high in other parts of the world. In response to this increase, states have begun enacting cybersecurity laws and regulations that most businesses are required to comply with.
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