Question

What are the consequences for an organisation of security breaches of its data and information? What are the consequences for its customers? Should the organisation be held responsible (e.g. by paying damages to its clients)?

Answer 1

Consequences for an organisation of security breaches of its data and information is that heavy fine will be imposed for the organisation.

Credibility of the organisation will be lost and the existing clients of the organisation will move away from giving projects.

It would cause a huge buisness impact as its difficult to get new clients.

Customers beleif in the organisation will be lost and their private data will be exposed to the outside world.

Yes the organisation should be held responsible for the data breanch and heavy fine should be imposed because its breaking the Information Security Policies which is in place.