Robbing the budget to reduce downtime
From the moment a cyber-attack gets into your system, things get expensive, and the longer the attack goes, the more it costs. Latest stats reveal most breaches aren’t identified for around 191 days, then it can take on average another 66 days to control the damage. During this time you’re cleaning PCs, mobile devices, laptops, servers and even entire networks. Add to this the fee for experts to fix everything up, all the new tools and software they say you need, and all the hours/days/weeks when your business is struggling with downtime, you’ll drain your emergency funds very quickly.
The long arm of the law
Depending on what data was stolen and how you handled the situation, you could be liable for fines into the millions. Having medical data or legal files leak is a dangerous scenario with fines coming from multiple sources. In any case, new privacy laws mean businesses are liable for massive fines if they don’t disclose a data breach, even if only email addresses were stolen. It is up to your business to know exactly what data has been accessed so that you can report it before the fines stack up. This means that even if you were able to fix up the systems yourself, you still need to hire an expert who can identify exactly what the hackers took, from where and when.
Customer retention measures
Not only does your business have to suffer the cost of the hack, your future income takes a hit as customers lose trust and leave. Many businesses have to engage PR experts, spend more on advertising, to ensure they survive. Sorry to say, but your breach will come up in search results for years. The more negative publicity your breach attracts, the more you’ll need to spend on customer retention.
All your secrets exposed
While you may not have Pentagon level secrets to protect, your business does have information that you’d like to keep to yourself. Hackers love going after your business secrets. Think Coca Cola recipe, Big Mac Sauce or 11 Herbs & Spices...While those corporations are big enough to keep their competitive edge after the breach, your business success relies on at least some information staying secret. It may not be a secret recipe, but your exclusive methods and databases have a black-market value all of their own.
Avoiding a breach does not cost much at all...
It’s not expensive to stay on top of of things and keep your business protected. For a low monthly fee we can secure your systems against the unknown. We can help with making sure your systems have the latest security patches and your anti-virus knows the latest tricks to watch for. Our technicians can build a virtual fortress around your business that keeps the bad guys out while letting you thrive.
Whatever your needs are, both now and moving ahead, we’re here to help keep you safe while keeping your IT costs low. Give us a call at 937-660-4899.