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The impact of a security breach (Data lost (Data loss can be incredibly…
The impact of a security breach
Data lost
Data loss can be incredibly costly to a business
Data can be lost by many methods such as accidental deletion
Examples of what data may be lost - legal documents, product designs, personal employee and customer information
Examples of how data may be lost - fire, flood, viruses, malware
Financial loss
Directly by customers or employees stealing
Indirectly by malware damaging files or wasting time fixing it
ILOVEYOU worm caused $15 billion of damage worldwide
Reduction in productivity & Downtime
Cyber attacks require time to
Remove malware
Repair any damage
Retrieve backups
Investigate the problem
Patch any security holes
Legal action
Computer Misuse Act(1990) Prevents
Creation of malware including viruses
Gaining unauthorised access to a computer
Modifying or deleting computer software or data
Data Protection Act(2018)
Prvents unnecessary processing or storing data
Requires greater consent to process or store personal data
Notify people of breaches of their data
Damage to public image
When personal data is stolen or a company's systems fail or are compromised, people lose trust in the company
It can lead to a big reduction in profit for the company
In 2005, sony placed software on audio CDs which auto-installed software without permission.