"Although the short-term impacts of a cyberattack on a business are quite severe, the long-term impacts can be even more important, such as the loss of competitive advantage, reduction in credit rating, and increase in cyber insurance premiums."

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"Although the short-term impacts of a cyberattack on a business are quite severe, the long-term impacts can be even more important, such as the loss of competitive advantage, reduction in credit rating, and increase in cyber insurance premiums."

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Harvard Business Review Press

Source URL

https://hbr.org/2023/05/the-devastating-business-impacts-of-a-cyber-breach

Referenced by

Chinese cyber attacks on U.S. companies lead to huge financial losses and weaken America's position in worldwide business competition

US Politics

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