Question

Any 4 consequences of security volations in cyber world

Answer 1

Answer:

Reputational damage

Loss of customer and stakeholder trust can be the most harmful impact of cyber crime, since the overwhelming majority of people would not do business with a company that had been breached, especially if it failed to protect its customers' data.

Theft

While a cyber-raid on a big-name bank may net the attacker a sizeable haul, smaller businesses' defenses are typically less sophisticated and easier to penetrate, making them a softer target.

Financial losses

Cyber crime costs small business disproportionately more than big businesses when adjusted for organizational size.

Fines

As if direct financial losses weren't punishment enough, there is the prospect of monetary penalties for businesses that fail to comply with data protection legislation.

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