Breach Costs

January 25, 2016

Breaches have wide-reaching, disruptive, and costly impacts:

  • Lost business opportunity, including customer churn and higher acquisition losses

  • Fines and penalties, including restitution costs if customers are harmed

  • Lawsuits, including class-action law suits if customers are harmed

  • Direct operational costs, including legal, notifications, credit monitoring, consultants, call center, forensics, system repair, marketing, public relations

  • Lost productivity dealing with customer concerns, the press and legal responsibilities  

  • Increased regulatory oversight and costs, including regular independent audits 

  • Officer personal liability

  • Stock devaluation

The biggest surprise realized by CEOs after a breach is the lengthy adverse impact on key executive productivity, dealing with the media, customers and other stakeholders in crisis management mode to restore company reputation and customer trust. 

Please reload

Follow Us
  • LinkedIn Social Icon
Featured Posts

Breach Costs

January 25, 2016

Breaches have wide-reaching, disruptive, and costly impacts:

  • Lost business opportunity, including customer churn and higher acquisition losses...

1/2
Please reload

Recent Posts

January 25, 2016

Please reload

© 2020 by SoCal Privacy Consultants