It is completely appropriate and correct to mention that the corporations may underreport cybercrime, because of concerns about data breach liabilities, damage to brand, regulatory issues, and loss of consumer confidence. Therefore, the statement given above holds true.
<h3>What is the significance of cybercrime?</h3>
A cybercrime can be referred to or considered as a form of criminal activity that takes place over the internet using a computer or a network of computers. Such crimes are handled by a completely different department of police authorities.
There have been instances where the plaintiffs have underreported their cybercrime, as they are concerned about the breach of their private data and confidential information.
Therefore, the option A holds true and states regarding the significance of a cybercrime.
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