Corporations may underreport cybercrimes because of concerns about data breach liabilities, damage to brand, regulatory issues, and loss of consumer confidence.

Question

Quizplus · Accepted Answer

Corporations may be hesitant to report cybercrimes due to various concerns, such as negative effects on their brand image, potential liabilities, regulatory issues, and loss of consumer trust. This reluctance to report incidents can lead to underreporting and a lack of accurate data about cybercrime trends.

Corporations May Underreport Cybercrimes Because of Concerns About Data Breach