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Impact of security breaches (Damage to public image (Example, 2005. Sony…
Impact of security breaches
Data loss
Data loss can be incredibly costly to a buisness
Legal documents, customer information
Data can be lost by many methods such as accidental deletion
Fire, flood, electricity surge, viruses or malware
Damage to public image
When personal data is stolen or a company's systems fail or are compromised, people lose trust in the company
This can lead to a big reduction in profit for the company.
Example, 2005. Sony placed software on their audio CDs which auto installed software without permission.
Installed a rookit to computers
Created security vulnerabilities
Users upset
Financial loss
Can come from
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 and DOWNTIME
Cyber attacks and incidents require time to:
remove malware
repair any damage
retrieve backups
investigate the problem
patch any security holes
Legal action
Computer Misuse Act (1990)
Creation of malware including viruses
Gaining unauthorised access to a computer
Modifying or deleting computer software or data
Data Protection Act (2018)
Prevents unnecessary processing or storing of data
Requires greater consent to process or store personal data
Notify people of breaches of their data