öryggiskostnaði
Öryggiskostnaði, a term originating from Icelandic, translates to "security cost" or "cost of security" in English. It broadly refers to the expenses incurred in order to protect individuals, assets, information, or systems from various threats. These threats can range from physical dangers like theft and violence to digital risks such as cyberattacks and data breaches. The concept encompasses a wide array of expenditures designed to mitigate potential harm and ensure a desired level of safety and stability.
In a business context, öryggiskostnaði often includes investments in physical security measures like surveillance cameras, alarm
The allocation of resources towards öryggiskostnaði is typically driven by a risk assessment. Organizations and individuals