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Impacts and Consequences of cyber attacks (Impacts (Denial of service…
Impacts and Consequences of cyber attacks
Impacts
Denial of service
Impacts authorised users of website
The business may lose business or data e.g. accounts/personal detail
Identity theft
Identity theft is when personal details are stolen and used to commit fraud
For example identity theft may result in big debts being run up or in passports being issued in individuals names and possibly used for criminal activity
Data Destruction
Data is destroyed and no longer available
Software based method that aims to destroy all electronic data
Data Manipulation
Data is edited, usually to meet the needs of the attacker
This type of cyber attack is usually found quickly
Data Theft
Data is stolen for example passwords
Increasingly a problem to individuals computer
Consequences
Disruption
Disruption can be operational, financial or commercial
Operational
- The time delay will mean the business cannot function normally, either between departments or with customers/suppliers
Financial
- until the data and systems are restored the business may need to function using limited financial data
Commercial
- how the attack affects the business will depend on the type of business that has been affected
Safety
Safety can include individuals, equipment and finance
Individuals
- an attack on these could lead to issues with national security or the infrastructure of the country, possibly posing issues for the safety of population
Equipment
-a business could be unable to fully function and individuals may not be able to access the internet to carry out day to day tasks such as online banking
Finance
- access to financial websites may be denied, along with financial data of a business being lost
Loss
Three main consequences from loss of data: financial, data and reputation
Financial
- if personal data is lost then the business may have to pay compensation to the data subjects
Data
- there may be a time delay before the data is restrained, which may have an impact on how the business can interact with its customer/suppliers
Reputation
- customers/suppliers may not trust the business to safely protect their data, so they may move their custom to another business