The Cost of a Data Breach Can Be Quite Expensive

question 23

True/False

The cost of a data breach can be quite expensive, by some estimates nearly $500 for each record lost. Nearly half the cost is due to lost business opportunity associated with customers who've been lost due to the incident.

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Definitions:

Equilibrium Price

The price point where the amount of goods that are offered for sale matches the amount of goods that consumers are willing to buy.

Auction Price

The final price at which an item is sold during an auction, determined by competitive bidding.

Unsecured Debts

Debts that are not backed by an underlying asset, meaning lenders have no collateral to claim in case of default.

Maturities

The set dates when the principal amount of a debt instrument, such as a bond or loan, is to be paid back to the lender.