Financial & Business Risk
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The average data breach cost for businesses with fewer than 500 employees is $2.98 million. While this cost may vary according to the incident and it’s damages, you are unlikely to emerge financially unscathed.
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43% of cyber attacks are aimed at small to medium sized businesses. These attacks are becoming more frequent, targeted, and complex.
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The long tail cost of a cyber attack can extend for months to years and include significant expenses that companies are not aware of and do not anticipate in their annual planning.
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These costs include lost data, business disruption, revenue losses from system downtime, notification costs, and damage to a brand’s reputation.
Business Continuity
A cyber-attack can take down a business' IT systems, disrupting operations and causing major losses, Having robust cybersecurity measures in place can help to prevent this, and maintain the continuity of business.
Protection of Sensitive Information
Businesses collect and store a vast amount of sensitive information about their customers, partners, and employees. Cybersecurity measures are necessary to protect this data from theft, unauthorized access, and leaks.
Cyber Threats & Risks are Constantly Evolving
Cybercriminals are always finding new ways to exploit vulnerabilities, that's why it is important for businesses to continually update and improve their cybersecurity measures to stay ahead of these evolving threats.
