Definition
Consequence refers to the effect of an event, incident, or occurrence. In cybersecurity, it signifies the impact of losing confidentiality, integrity, or availability of information or information systems on:
- An organization’s operations
- Its assets
- Individuals
- Other organizations
- National interests
Source: DHS Risk Lexicon, National Infrastructure Protection Plan, NIST SP 800-53 Rev 4
How Does It Work?
In cybersecurity, consequence is a critical factor in risk management. It works by identifying and assessing the potential outcomes of a security breach or failure. The process typically involves:
- Risk Identification: Pinpointing threats to information systems.
- Impact Analysis: Estimating the consequences of a data breach or system compromise.
- Severity Rating: Classifying consequences based on their severity (low, medium, high).
- Mitigation Planning: Developing strategies to reduce or prevent consequences.
- Response and Recovery: Outlining steps to minimize the impact if an incident occurs.
Users
The concept of consequence is widely used by:
- Cybersecurity professionals
- Risk management teams
- IT departments
- Government agencies
- Business continuity planners
- Compliance officers
Benefits
- Helps organizations prioritize security risks.
- Supports informed decision-making in risk management.
- Enhance data protection strategies.
- Improves regulatory compliance (e.g., GDPR, HIPAA).
- Strengthens incident response and disaster recovery plans.
Key Points
- Directly tied to risk assessment and risk management frameworks.
- It can affect financial stability, reputation, and legal standing of organizations.
- Plays a vital role in business continuity planning.
- Often measured alongside likelihood to determine overall risk.
Consequences of Ignoring It
- Financial losses from data breaches.
- Legal penalties due to non-compliance.
- Reputation damage.
- Loss of customer trust.
- National security threats (in critical infrastructure sectors).