Database security faces serious threats including theft of data. This would damage the company’s integrity and trust with clients and customers, potentially ruining the company. Data theft has the potential to earn a lot as the data could be very valuable to competitors or on the black market if they contain personal information. The company would be responsible to correct the breach in security, and also reimburse any lose to costumers due to the breach.
Another common threat to all data would be from the inside, being the employees. Associates with access could be approached by competitors to acquire data that is confidential to the current company, essentially stealing data. Employees can also be compromised through bad actors in phishing emails and have their credentials stolen and giving the thieves access to the database.