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  • Essay / Consequences of cybersecurity and security in a...

    However, organizational data breach includes, among other risks, interference with certain aspects of intellectual property, exposure of trade secrets through fraud , access to consumer information without official authorization. On the other hand, sabotage includes attacks that often target services, for example sending false messages to people or cybercriminals' efforts to disable organizational systems, among other important issues (Knowles et al., 2016 ). Cyberattacks cause several losses in organizations that disrupt their day-to-day operations, an aspect that alters the management control system of an organization (Dutta, Lawson, and Marcinko, 2016). However, despite the enormous losses incurred by organizations over the decades as a result of cyber attack, it is imperative to understand that only a few crimes are reported or provide adequate details of the damages incurred. Additionally, most cybercrime incidents go unnoticed for years, particularly industrial fraud involving access to confidential company information. In the event of an undetected security breach, companies are at a disadvantage when working in the market because their reputation is damaged and competitors gain access to their sensitive information and use it against the company. To manage the situation, it is important to understand the fact that there must be an effective global approach given that the criminals operate on an international scale.