6.3 Impacts Flashcards
Loss of intellectual property
Anything that an organisation has designed, developed or created themselves
Example: Primary data they have collected from blueprints for an upcoming design or a report following data analysis
Why does the impacts of intellectual property loss depend on the property itself?
EXTEND: what do rivals attain for stealing intellectual property?
As it could be easy for the victim to recreate or recollect the data
EXTEND: could be used to their advantage
Loss of service and access - log in
Usernames and password are stolen
Individual may be unable to access services they have paid for e.g Wi-Fi details
Loss of service and access
What happens if a hacker is permitted access to a system?
They can change the account settings such as the password to lock out the original owners of that account
Breach of confidential information
Highly sensitive nature which could lead to negative impacts if unauthorised people gain access to it
Sensitive information should be stored securely with physical and logical protections in place to ensure the security principle of integrity
What would happen if confidential information was breached?
Loss of reputation as the holder would be regarded as ineffective at protecting the data
Legal consequences due to the breach of the Data Protection Act 2018
Organisation will suffer penalties from the ICO if they failed to protect personal details by breaking the DPA
Loss of third party data
Organisations tend to store data for other individuals and businesses, this is mainly done through cloud storage providers
Loss of third party data
What happens if a cloud storage provider is hacked or taken offline?
EXTEND: why would larger business use private cloud?
Customers will be furious leading to:
Loss of reputation
Trust
Legal proceedings if personal and sensitive data is lost
EXTEND:
Maintain their data themselves
Avoiding the reliance of third party services
Loss of reputation
Data loss destroys reputation and loyal customers will look elsewhere and choose competitors
Failing to keep data safe means that an organisation:
Unable to follow their legal and moral duty of keeping information secure
Could lead to a loss of trade ^
Resulting in reduced earnings and sales ^
Identity Theft
Hacker users victims data for fraud or impersonation
What can identity Theft leaf to:
Financial loss To the victim if loans, products or services are purchased in their name
Victim will need to contact their bank to cancel transactions
Credit checks affected leading to future financial difficulty for the victim
Threat to National Security
Classified nature such as
Military arrangements
Security weak points
Upcoming government plans
Lost or fallen into the wrong hands of those who intend to bring harm to the county can result in disastrous consequences
Spies
Terrorists
^ Could use classified information to target vulnerable locations
Threats can also be economic in nature if large amounts are stolen or redirected to malicious bodies
