Introduction

Computer security, cybersecurity or information technology security (IT security) is the protection of computer systems from the theft of or damage to their hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide.

The field is becoming more important due to increased reliance on computer systems, the Internet and wireless network standards such as Bluetooth and Wi-Fi, and due to the growth of “smart” devices, including smartphones, televisions, and the various devices that constitute the “Internet of things”. Due to its complexity, both in terms of politics and technology, cybersecurity is also one of the major challenges in the contemporary world.

Impact of security breaches

Serious financial damage has been caused by security breaches, but because there is no standard model for estimating the cost of an incident, the only data available is that which is made public by the organizations involved.

However, reasonable estimates of the financial cost of security breaches can actually help organizations make rational investment decisions.

“Several computer security consulting firms produce estimates of total worldwide losses attributable to virus and worm attacks and to hostile digital acts in general.