6.3 - Impacts for if risk to data occurs Flashcards
List the impacts
- loss of intellectual property
- loss of service and access
- breach of confidential information/failure in security of confidential information
- loss of info belonging to third party
- loss of reputation
- threat to national security
Loss of intellectual property
Anything an organisation/individual has created/designed themselves.
Example:
For individual - artwork, music, manuscript…etc
For organisation - primary data they have collected themselves for a new design / or a report for following analysis.
Impact:
- Competitors can use it to their advantage.
- The engagement in an upcoming announcement would decrease because its already was leaked before it got released (e,g music being leaked before it got released)
Loss of service and access
If usernames + passwords stolen, individuals cannot access services they have already paid for /. or are using such as Wifi
Targeted malicious attacks on services could lead to DDOS attack so users cannot log into a web page or online service
Failure in security of confidential information
If confidential information breached - lead to a loss of reputation as holder would be regarded as unreliable in protecting data — DPA broken.
Confidential info should be stored securely with physical / logical measures to keep integrity
Loss of information belonging to third party
Example: cloud storage providers. If this service is hacked/unauthorised access - customers will be not happy, loss of reputation, legal action if sensitive data is lost.
Loss of reputation
Failure to keep data safe - organisation cannot keep information secure, leading to loss of customers as customers can then choose their competitors, leading to a decline in sales.
Threat to national security
If data that is related to government plans/millitary arrangements is lost, through unauthorised access this could be harmful to the country.
spies from foreign countries/terrorists can use classified info to target vulnerable locations or target them economically by stealing large amounts of money.
Recent case of failures and information security