How can hacking affect businesses or governments?

Hackers can cause financial losses by stealing critical technical and confidential information and then demanding large sums of money by holding the hacked data as ransom. They may also sell the stolen data to hostile countries or rival companies, inflicting significant damage on a business or even a nation. In addition, hacked personal information can be sold to third parties, leading to secondary crimes such as voice phishing or scams. Therefore, a strong security system to prevent such hacking is of utmost importance.