Moreover, cybersecurity is essential for safeguarding intellectual property and trade secrets. Companies invest significant resources in research and development, and the theft of intellectual property can have severe financial and competitive implications. Cyber attacks can also compromise business operations, causing significant downtime, and disrupting supply chains. For example, in 2019, a major manufacturing company, Norsk Hydro, was hit by a cyber attack that resulted in significant financial losses and operational disruptions.
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