Data Loss - Cost of Data Loss

Cost of Data Loss

The cost of a data loss event is directly related to the value of the data and the length of time that it is needed, but unavailable. Consider:

  • The cost of continuing without the data
  • The cost of recreating the data
  • The cost of notifying users in the event of a compromise

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    The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
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    To write it, it took three months; to conceive it three minutes; to collect the data in it—all my life.
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