The domino effect is a concept that describes how a small event, such as a security breach or cyberattack on one organization or system, can lead to a cascading series of negative impacts.
The financial repercussions of a cybersecurity incident can be divided into direct and indirect costs.
The impact of cyber incidents spreads outward to customers, suppliers, and business partners.
Cybersecurity incidents can escalate to threaten critical infrastructure.
Breached organizations could be subject to lawsuits from affected customers or partners.
Cyber incidents can lead to new cybersecurity laws or requirements for companies to improve their data protection practices.
The domino effect of cyber incidents can lead to a broader societal impact.
State-sponsored cyberattacks may target not just specific countries but entire regions or industries.
Strong security measures and robust incident response plans are crucial to mitigating the risk of breaches and limiting their potential impact.
Collaboration across industries and governments is essential to prevent the spread of cyber incidents.