06/08/2022
How Do Cyber Attacks Harm Your Business?
1. Damage Brand Reputation
Following the Colonial Pipeline attack, the company’s name became synonymous with the term ransomware. According to Forbes Insights, 46% of organizations suffered damage to their reputations and brand value as a result of cybersecurity breaches. When critical customer information is stolen, it can be used for identity theft and other kinds of fraud. Your brand reputation will suffer, and you’ll lose customer trust when data breaches become public knowledge. Existing customers may stop using your services, and potential investors will avoid your brand.
2. Downtime
Downtime refers to a major business interruption that results in slowed or halted productivity. Recovery from cyber attacks can take weeks and even months as companies repair networks, devices, and restore backup data. Some data is never fully recovered, and often the downtime is more costly than the ransom payment itself.
3. Financial Impact
Ransomware payments averaged $570,000 in 2021. This figure does not include offer expenses businesses may also face, including legal fees, forensic and IT fees, penalties for not following data security and privacy regulations, and the cost of improving their cyber security to prevent future attacks.
4. Sensitive Data Breaches
DTSG keeps your organization safe from cyber threats. From security awareness training to backup services to incident response, we have in-house experts ready to integrate security solutions to protect your systems.
We can help you recover faster in the event of a breach, reduce interruptions to your business continuity, and create resilience to prevent future attacks.
Desktop Services Group
201 221-4000 | dtsg.net