Once organizations are attacked by hackers, they are affected in multiple ways. The following are the commonly seen impacts on businesses after a cyber attack:
Organization Name Hits the Headlines
As the news about the breach hits the headlines, it adversely harms the reputation of the organization, causing its market value to decline.
Loss in Business
The main causes of business loss include loss of customers, reputation/brand damage, and the revealing of trade secrets, strategies, and plans.
Legal Penalties
The data leaked during the breach may contain customers’ personal information. This can lead to lawsuits filed by customers for breach of privacy.
Regular Functioning Crippled
Cyber-attacks can disrupt regular operations, such as causing email systems to go down, automated payroll processing to fail, and network outages.
Defamation
Confidential email leaks and internal communication leaks can defame an organization or an individual.
Hence, it becomes very important to ensure the security of assets, information, and people. Understanding the basics of cybersecurity is crucial.
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