Which of the following is an example of financial business impact?

Which of the following is an example of financial business impact?
A . A distributed denial of service (DDoS) attack renders the customer’s cloud inaccessible for 24 hours, resulting in millions in lost sales.
B . A hacker using a stolen administrator identity brings down the Software of a Service (SaaS) sales and marketing systems, resulting in the inability to process customer orders or manage customer relationships.
C . While the breach was reported in a timely manner to the CEO, the CFO and CISO blamed each other in public, resulting in a loss of public confidence that led the board to replace all

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Answer: A

Explanation:

A DDoS attack renders the customer’s cloud inaccessible for 24 hours, resulting in millions in lost sales is an example of financial business impact. Financial business impact refers to the extent of damage or harm that a threat can cause to the financial objectives and performance of the organization, such as revenue, profit, cash flow, or market share. A DDoS attack can cause a significant financial business impact by disrupting the normal operations and transactions of the organization, leading to loss of sales, customers, contracts, or opportunities. According to a report by Kaspersky, the average cost of a DDoS attack for small and medium-sized businesses (SMBs) was $123,000 in 2019, while for enterprises it was $2.3 million.1 Therefore, it is important for organizations to implement appropriate security measures and contingency plans to prevent or mitigate the effects of a DDoS attack.

Reference: The Future of Finance and the Global Economy: Facing Global … – IMF2; Kaspersky: Cost of a DDoS Attack1