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After Effects of a Data Breach

After Effects of a Data Breach

Cyber attackers usually attack consumer data-centric industries. The data exfoliated can be used to extort money from the company or be sold in the black market.

Most organizations have no idea how data breaches can cost so much, but when you join the dots the picture becomes clear.

Five Costs associated with a data breach is listed below.

Business Disruption:

Data breaches accounts for nearly 40 percent of the total costs considering the loss of employee productivity.

Loss of Customer

As a common mindset of customers is that they will not like to be associated with a company that has a recent or a history of data breaches.

Regulatory Fines

Fines can vary from the various compliance guidelines. As a result of these fines nearly 80% of the SMB’s close their businesses.

Legal Implications

Just not loss of customer’s legal implications follows with Data Breaches. Some companies have had to pay upwards of $10 million to settle and those costs don’t include charges paid to their legal teams.

Financial losses

Once attackers breach your network, they may be able to obtain access to your financial accounts to wire money to accounts they control. This can contribute to direct financial loss. Indirect financial losses are many and would also lead to bankruptcy as well.

Rohit Shetty

Rohit Shetty born and brought up in Mumbai is a Digital Marketer by profession and a writer and philanthropist by passion. Rohit started his career with First Step Publishing in Mumbai in 2011 as a Digital Marketer and excelled in the field of Publishing. With First Step Publishing, Rohit eliminated the cumbersome process of waiting for a writer to get published. With First Step Publishing, Rohit Shetty has been known for marching forward with some great titles and allowing first-time authors to find a platform and publish their content in a market space that focuses on branding a certain 'author' rather than scouring talent. In an interview with DNA, First Step Publishing has been reported to be one of the fast-growing publishing firms based in Mumbai. The firm has the tagline 'Paying Ways For New Writers' which is meant to reflect the motive with which it was founded. Rohit Shetty holds two National Records Records being Book With the Shortest Title " i " with Limca Book of Records Special Literature Edition and with India Book of Records as well. He holds the title of the Most Published poet of India in 2012 and 2013 with India Book Of Records and Unique World Records. Apart from writing, Rohit is also an active Philanthropist and works towards Education and Health sectors. Awards and Recognitions Nominated four times for India’s Fourth Highest Civilian Award Padma Shri in 2017, 2018, 2019 and 2020 2012: Rohit has been recognized for his work and felicitated at the Grand Finale of Mulund Fest in 2012 by MLC Mr Charan Singh Sapra and MPCC President Mr Manikrao Thackrey 2012 and 2013: Most Published Poet by India Book of Records 2015: Book with the Shortest Title from Limca Book of Records, India Book of Records 2018: Member of NITI Ayog Atal Movement of change and Mentor of Change 2019: Nominated by Social Samosa as 40 Under 40 Digital Marketers in India 2019: Rohit Digital Marketing Blog ranked 13th Spot as India's Best Digital Marketing Blog by Expertido 2019: Rohit Digital Marketing Blog was also Ranked in Top 50 India’s Best Digital Marketing Blog by Feedspot 2019: Received prestigious Dr APJ Abdul Kalam Memorial Award for work towards building the nation 2020: Global Brand Icon Awad by Brand Opus 2021: Rashtriya Prerna Award

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