What should a company first consider when analyzing the losses from data breaches?

When analyzing losses from data breaches, the first consideration should be the likelihood of data loss occurring. This is because understanding the probability of a breach happening allows the company to assess the overall risk landscape. By evaluating the likelihood of future data breaches, organizations can prioritize their strategies, allocate resources more effectively, and implement preventive measures to mitigate potential risks.

Focusing first on the likelihood of data loss helps establish a context for further considerations, such as how much data was compromised and the potential legal ramifications. It also aids in reviewing current security measures to address vulnerabilities that could lead to future incidents. Overall, assessing the likelihood of data loss provides a foundational insight into the severity and frequency of potential breaches that a company may face.