5.4.2 The potential impact of identified risks on the organisations and their stakeholders

Question 1

Explain:

Impacts of loss of data on an organisation and its stakeholders

Impact Of Loss

Answer 1

• Data/Info can be stolen or corrupted - so it can no longer be used
• If an organisation has data backed up then it can be restored quickly, but any changes since last backup will be lost

Question 2

Explain:

Impacts of financial loss on an organisation and its stakeholders

Impact Of Loss

Answer 2

• Loss of orders/Invoices
• Paying workers for restore and recovery process
• If customer’s personal data is compromised, organisation will have to pay compensation
• Pay for increases in security and loss prevention
• Loss of sales from customer’s loss of confidence in a business
• Customer’s could have their identity stolen by attackers and used to obtain loans and credit cards

Question 3

Explain:

Impact of reputational loss on an organisation

Impact Of Loss

Answer 3

• Business will not be considered trustworthy by customers or suppliers and stability of company function threatened or reduced
• Customers could change to another supplier as a result, or suppliers may refuse to make sales to a business

Question 4

Explain:

Impact of operational disruption

Impact Of Disruption

Answer 4

• Data may have to be reinstalled, impacting running of the business
• Reinstallation/recovery can be time-consuming
• Some organisations rely more on data and in this case, business will be on hold until they have recovered

Question 5

Explain:

Impact of commercial disruption

Impact Of Disruption

Answer 5

• Impact on day-to-day activities is the biggest impact
• Depending on type of attack and sector of the business can change how much operations are impacted - with some not being able to function at all after an attack