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.”
—Henry David Thoreau (1817–1862)
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—Grace Baruch (20th century)
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—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)