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IDG Contributor Network: Data breaches often result in CEO firing

Discussion in 'CSO' started by RSS, Mar 7, 2016.

  1. RSS

    RSS New Member Member

    What are the real world risks of a cyber security breach to CEOs and their company? We will explore the issues of reputational damage, incident cost, stock price impact, and increased regulatory attention. We will also discuss the fate of four CEOs who have faced cybersecurity breaches in the past three years.

    According to Warren Buffet, "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." The “2015 Cost of Data Breach Study: Global Analysis” from the Ponemon Institute shows that companies suffer a higher churn rate, increased customer acquisition costs, reputation losses and diminished goodwill due to an information security breach.

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