What are the effects of cyber crimes on business?
Cyber crimes affect business in a variety of ways. Online transactions that are compromised affect business revenue, productivity, integrity, availability, and trust. Depending on the attack methods deployed, businesses may see immediate impact (denial of service attacks, for example, immediately affect the availability of a business application to end users). Other attacks may not be immediately visible, but can affect customer trust for the business. Additional effects include brand damage, compliance breaches, and even legal penalties and fines, depending on the business industry and state of operations.
