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Yahoo shows that breach impacts can go far beyond remediation expenses

Recent studies put the cost of a breach at $170,000, $861,000 and $4 million. But the actual numbers could be several times higher. Deloitte: 75 to 95 percent of the total costs of the breach were “hidden” costs that were not immediately apparent. The total impact includes lost revenues and lost customer relationships, brand devaluation, increased cost to raise debt, operational disruptions, and the loss of intellectual property. CSOs need to look at the bigger picture and work with business teams to evaluate the total potential impact of cybersecurity incidents.”]

Source: https://www.csoonline.com/article/3130695/yahoo-shows-that-breach-impacts-can-go-far-beyond-remediation-expenses.html

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