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What Would a Breach Cost Us?

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Financial Cybersecurity Risk Management

Abstract

The impact, or consequences, of a cyber event can be substantial and complex. Costs can accrue as a result of disruptive effects on personnel, technical architecture, technology operations, business processes, customer impact, and regulatory exposure as well as a myriad of factors associated with the return to business as usual. Responses described in reporting on recent high-profile breaches have provided glimpses of varying organizational approaches to measuring actual impact. This has revealed high costs that stretch into areas well beyond the affected enterprise’s preliminary consideration. Economic impact is difficult to measure, changes with respect to event characteristics and industry context, and can stretch over a significant period of time. Costs are very real and can be substantial.

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© 2019 Paul Rohmeyer, Jennifer L. Bayuk

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Rohmeyer, P., Bayuk, J.L. (2019). What Would a Breach Cost Us?. In: Financial Cybersecurity Risk Management. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-4194-3_3

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