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Difference between revisions of "Losing your money"
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[[Category:Financial damage]] | [[Category:Financial damage]] | ||
Revision as of 16:46, 24 June 2008
This is a Business Impact. To view all business impact, please see the Business Impact page.
Last revision (MM/DD/YY): 06/24/2008
Description
Any company as a whole is made up of individuals. If the company experiences a revenue reduction, this translates down to a reduction in benefits for the employees and possibly even to a reduction of the number of its employees.
Risk Factors
- The financial report is impacted when an application or network service level agreement is not met.
- Reduction in benefits for the individual.
- Reduction in headcount for the company.
- A company's expenses will exceed its revenues.
- Hackers invading a network or application system.
- PCI compliancy did not occur and the company is fined.
Examples
A Company's Expenses Exceed Its Revenues
The business looks at ways to reduce costs. Employee benefits are re-examined and modified to support reducing company cost thus reducing its yearly expenses.
Domino Impact
A hacker invades a network and finds its way through an application wall. The customer’s encrypted personal data was opened and used outside in the business market. The customer files a lawsuit against the company. The company files bankruptcy.
Related Technical Impacts
- Loss of confidentiality
- Loss of integrity
- Loss of availability
- Loss of accountability
