Following types of costs are associated with information
security:
- Cost of deploying expensive hardware and software to prevent
any breach in the computer systems.
- Cost of educating and training employees to ensure they
undertake necessary precautions which prevent any compromise of
data security.
- In the case of any compromise of data security, the costs would
include loss of confidential data and consequently business may
suffer.
- Loss of data and breach of information security would imply
downtime of operational systems and opportunity cost of lost
business.
- Potential costs of lawsuits and reputational cost in case
privacy is breached due to compromise of information security
systems.