There are various reasons why it is necessary to protect business information:
For example, no business wants to find its customer list or future secret product line plans in the hands of the competition.
Local laws may enforce the protection, integrity, and availability of specific information, such as an individual's personal details, in order to respect the individual's right to privacy. Local laws may also enforce the security requirements made in the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
Some organizations require their business partners to comply with international standards of security.