Investigating the Impact of Data Breaching on Business Environment

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Added on  2023/04/21

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This essay examines the impact of data breaching on the business environment, focusing on its potential to negatively affect a company's reputation and facilitate the spread of viruses. Data breaches, whether intentional or unintentional, can compromise sensitive and confidential data, leading to significant financial and reputational losses. The essay highlights that data breaches can destroy a company's image in a competitive market, with a large percentage of CEOs focusing on rebuilding trust after such incidents. Furthermore, the essay notes that data breaches can enhance the spread of destructive software viruses, impacting business activities and causing revenue loss. In conclusion, the essay emphasizes the importance of implementing proper security programs to mitigate the negative impacts of data breaching and ensure smooth organizational operations, suggesting that businesses should prioritize data security to maintain growth and competitiveness.
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Data breaching
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Table of Contents
Introduction......................................................................................................................................2
Impact of data breaching on the business environment...................................................................2
Negatively impact the reputation of the company................................................................2
Data breaches enhance viruses.............................................................................................2
Conclusion.......................................................................................................................................2
References........................................................................................................................................3
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Data breaching
Introduction
Data breaching is related with intentional or unintentional release of the data. It is an
incident through which the sensitive, confidential and protected data can be accessed easily in an
unauthorized manner. Data breaches can consist of the information concerned with personal
health problems, personally identifiable data or the information related to intellectual property
(Searchsecurity, 2019). Therefore, in this paper, the discussion will be made on the topic “data
breaching and its impact on the business environment”.
Impact of data breaching on the business environment
Negatively impact the reputation of the company
Data breaching negatively affect business in many ways. It can be observed that the
impact can be seen on the overall image of the company. Through data breach, it can be easy to
destroy the image of the company in the highly competitive market. It is seen that a good
reputation is destroyed of the company just because of the leak of the private information of the
business. There are 90% of the CEO’s who are focusing on rebuilding their image and also the
commercial trust among the stakeholders after the breach (DATACONOMY, 2019).
Data breaches enhance viruses
It can be seen that Wanna Cry, Storm Worm and MyDroom are known as the examples
of the weapons related with software destruction. These viruses impact the business activities,
which also lead to the entire loss in terms of revenue. According to the research done by the UK
government’s National cyber security program, it has been stated that there are 33% of the data
breaches which are introduced in the market and it has impacted the growth of the business
(DATACONOMY, 2019).
Conclusion
Therefore, it can be concluded that data breaching is one of the essential aspects on which
the businesses should focus to reduce, as it can help in attaining growth in the competitive
market. Proper security programs should be considered by the companies so that it can be easy to
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Data breaching
reduce the negative impact like impact on the reputation and also the sales of the company. The
programs which are secured should be considered so that organizational activities can be
conducted smoothly.
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References
DATACONOMY . (2019). data breach. Retrieved from: https://dataconomy.com/2018/03/12-
scenarios-of-data-breaches/
Searchsecurity . (2019). data breach. Retrieved from:
https://searchsecurity.techtarget.com/definition/data-breach
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