Security Breaches
Information security breaches take many forms. These include lost or misplaced data media, stolen laptops and cell phones, hacked systems, data lost or stolen in transit, information taken by rogue employees, and more. Damage done by a security breach can be measured in both tangible and intangible terms.
Tangible damage is calculated based on estimates of lost business, lost productivity, labor and material costs to repair the breach, labor and legal costs associated with the collection of forensic evidence, and the public relations costs to prepare statements. Increases in insurance premiums and legal costs related to defending the organization in liability suits can also be ...
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