👉 Computing damages refer to the financial and operational losses incurred by businesses and individuals due to cyberattacks or data breaches. These damages can manifest in various forms, including direct financial losses from theft of funds or intellectual property, increased costs for remediation and recovery efforts such as system repairs and data restoration, legal fees, regulatory fines, and potential loss of customer trust leading to decreased revenue. Additionally, there are indirect costs like reputational damage and long-term impacts on brand value. The complexity and sophistication of modern cyber threats mean that even robust security measures can sometimes be overwhelmed, resulting in significant and potentially crippling consequences for those affected.
