Please use this identifier to cite or link to this item:
https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3970| Title: | The Cost of Data Breaches |
| Authors: | Sharma, Yash |
| Keywords: | GDP Data Security Data Privacy Data Breaches Defense Travel System (DTS) Distributed denial-of-service (DDoS) Equifax Data Protection General Data Protection Regulation (GDPR) Payment Card Industry Data Security Standards (PCI-DSS) |
| Issue Date: | Mar-2021 |
| Publisher: | The Financial Research and Trading Laboratory (FRTL), IIM Calcutta |
| Abstract: | Instead of starting with a cliché statement, I will start with a fact. In the year 2020, the estimated loss to the global economy due to data breaches is pegged at around $945 billion, or about 1% of global GDP. This is up about 80% from two years ago and in addition to about $145 billion spent on cybersecurity in 2020. In this article, we understand what data and sensitive data mean, what incentivizes data breaches, and what does it cost everyone, financially and otherwise. Besides, we look at some of the biggest data breaches in the past few years and understand what is changing to prevent them in the future. |
| Description: | Biosketch: Yash Sharma is a Chartered accountant by profession, currently working with Swiggy. He cleared his CA in 2018 and is interested in the world of startups and ecommerce. Outside work, he likes badminton & swimming. |
| URI: | https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3970 |
| Appears in Collections: | Issue 4, March 2021 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| The Cost of Data Breaches.pdf | The Cost of Data Breaches | 22.3 MB | Adobe PDF |  View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.