What are the usual effects of a cyber attack?
The three most common types of attack and their effects are:
1. Ransomware - business interruption, reputational harm, contract failure, SLA violations (falling below an agreed service level, which incurs penalties i.e. response times), loss of IP or critical data, loss of production time, significant remediation costs.
2. Social engineering - theft of money, third party claims against you, regulatory fines.
3. Data loss - class action lawsuits, large notification costs, regulatory fines.