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what costs are associated with information systems security?

what costs are associated with information systems security?

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Answer #1

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.
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