Impact of Data Breaches to Organizations and Individuals

Abstract

Information security breaches pose a growing threat to organizations and individuals, particularly those that are mainly associated with the e-commerce industry. Data security within an organization is important as Information systems are susceptible to cyber-attacks and usage of Information systems is increasing dramatically in every sector whether it is the FMCG sector or education sector. An information security breach can have a major impact on the financial standing of the breached company and its competitors.