{"id":297,"date":"2022-11-29T21:42:01","date_gmt":"2022-11-29T21:42:01","guid":{"rendered":"http:\/\/learnlearn.uk\/ibcs\/?page_id=297"},"modified":"2023-01-31T07:37:23","modified_gmt":"2023-01-31T07:37:23","slug":"consequence-data-loss","status":"publish","type":"page","link":"https:\/\/learnlearn.uk\/ibcs\/consequence-data-loss\/","title":{"rendered":"Consequence of data loss"},"content":{"rendered":"
\n

Consequences of Data Loss<\/h2>\n
\n\n

Consequences of Data Loss<\/h3>\n

Financial Consequences<\/strong><\/p>\n

The most obvious impact on a business or organisation is the financial consequence. A company may have to pay to a hacker to decrypt encrypted data if they are the victim of a ransomware attack and this cost can be huge.<\/p>\n

Also the they are going to have to pay employees overtime and hire in external specialists to restore and harden the system. There is also the issue of lost revenue<\/p>\n

Consequences for Individuals<\/strong><\/p>\n

Leaking or loss of personal information can have a significant and sometimes devastating impact on individuals, especially if the data is sensitive and private.<\/p>\n

Legal Consequences<\/strong><\/p>\n

If a business is found to have failed to secure their system to the level required by law then they can be subject to both civil and criminal legal action. This can have a serious impact on the organisation and the individuals involved in the legal proceedings<\/p>\n

Business Disruption<\/strong><\/p>\n

The operation of a business can be seriously disrupted or stopped all together, depending on the nature of the data loss. This can had serious knock on effects on the business that last for months or even years.<\/p>\n

Loss of trust<\/strong><\/p>\n

The loss or release of customer data can have a serious negative impact on people’s perception of an organisation and this can lead to a loss of trust in the organisation, which can have serious consequences depending on how the business handles the issue.<\/p>\n\n<\/div>

Real World Examples<\/h2>\n
\n\n

Real World Examples<\/h3>\n

United Kingdom NHS<\/a><\/p>\n

Colonial Pipelines<\/a><\/p>\n

Junior Develop Deletes production database<\/a><\/p>\n

4 Data Loss Examples<\/a><\/p>\n

Irish Health Care Systems<\/a><\/p>\n

UK hospital heatwave failure<\/a><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Consequences of Data Loss Financial Consequences The most obvious impact on a business or organisation is the financial consequence. A company may have to pay to a hacker to decrypt encrypted data if they are the victim of a ransomware attack and this cost can be huge. 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