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
Read more about this topic: Data Loss
Famous quotes containing the words cost of, cost, data and/or loss:
“It is not enough for theory to describe and analyse, it must itself be an event in the universe it describes. In order to do this theory must partake of and become the acceleration of this logic. It must tear itself from all referents and take pride only in the future. Theory must operate on time at the cost of a deliberate distortion of present reality.”
—Jean Baudrillard (b. 1929)
“Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You won’t eat less beef today, because you have written down what it cost yesterday.”
—Samuel Johnson (1709–1784)
“To write it, it took three months; to conceive it three minutes; to collect the data in it—all my life.”
—F. Scott Fitzgerald (1896–1940)
“We feel public misfortunes just so far as they affect our private circumstances, and nothing of this nature appeals more directly to us than the loss of money.”
—Titus Livius (Livy)