Question

Identify the primary costs of cybercrime to business. (Check all that apply.)

-The cost to implement security recovery systems
-The cost of intrusion detection systems
-The cost of disruption causing loss of productivity

Answer 1

Primary costs of cybercrime to business consist of direct financial outlays for security recovery and intrusion detection systems, and indirect costs such as the loss of productivity.

Step-by-step explanation:

The primary costs of cybercrime to business include a variety of financial and operational impacts. These costs encompass direct costs such as implementing security recovery systems after a breach, and investing in intrusion detection systems to prevent future attacks, both posing significant expenditures. Another primary cost is the loss of productivity due to disruptions caused by cybercrime, which may lead to a halt in operations and consequent financial losses.

These costs not only reflect the tangible monetary impact but also include indirect costs like damage to brand reputation and customer trust. Data breaches can lead to identity and financial theft, causing long-term harm to individuals affected and to the organizations responsible for safeguarding their information. Additionally, in the larger economic context, cybercrime can contribute to significant GDP impacts as it can involve national security threats, power shutdowns, and even election interference.Cybercrime can also inflict wider economic impacts and long-term harm to both individuals and businesses.