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Isaca CCAK Exam - Topic 2 Question 87 Discussion

Which of the following is an example of financial business impact?
A) A distributed denial of service (DDoS) attack renders the customer's cloud inaccessible for 24 hours, resulting in millions in lost sales.
B) A hacker using a stolen administrator identity brings down the Software of a Service (SaaS) sales and marketing systems, resulting in the inability to process customer orders or manage customer relationships.
C) While the breach was reported in a timely manner to the CEO, the CFO and CISO blamed each other in public, resulting in a loss of public confidence that led the board to replace all

Isaca CCAK Exam - Topic 2 Question 87 Discussion

Actual exam question for Isaca's CCAK exam
Question #: 87
Topic #: 2
[All CCAK Questions]

Which of the following is an example of financial business impact?

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Suggested Answer: A

A DDoS attack renders the customer's cloud inaccessible for 24 hours, resulting in millions in lost sales is an example of financial business impact. Financial business impact refers to the extent of damage or harm that a threat can cause to the financial objectives and performance of the organization, such as revenue, profit, cash flow, or market share. A DDoS attack can cause a significant financial business impact by disrupting the normal operations and transactions of the organization, leading to loss of sales, customers, contracts, or opportunities. According to a report byKaspersky, the average cost of a DDoS attack for small and medium-sized businesses (SMBs) was $123,000 in 2019, while for enterprises it was $2.3 million.1Therefore, it is important for organizations to implement appropriate security measures and contingency plans to prevent or mitigate the effects of a DDoS attack.Reference:= The Future of Finance and the Global Economy: Facing Global ... - IMF2; Kaspersky: Cost of a DDoS Attack1


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Rosita
2 hours ago
I feel like all three options have some financial implications, but A and B seem more straightforward in terms of immediate financial loss.
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Augustine
5 days ago
I’m a bit confused about option C. It seems more about reputation than direct financial loss, but I guess it could lead to financial issues later on.
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Angelyn
10 days ago
I remember practicing a question similar to this, and I think option B also shows a financial impact because it affects customer orders.
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Maryrose
16 days ago
I think option A is definitely a financial impact since it mentions lost sales directly. But I’m not sure if it’s the only one.
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