A data attack is costly

One of the most obvious reasons why it is cheaper to prevent security problems is the cost of data intrusion and recovery. When a company is exposed to a security breach, the consequences can be catastrophic. This can include the loss of sensitive data, devastating reputational damage, legal sanctions and costly attempts to restore systems. The cost of restoring data and infrastructure after a breach can be a stumbling block for many businesses.

In addition to the direct costs, it can take a long time to restore data and systems. This results in downtime and delays in e.g. production that can have a significant financial impact on the business. Preventing and preventing potential security breaches in the first place will both avoid unforeseen costs, but also that all your data can go astray or be destroyed.

What do your customers think after a cyber attack?

Security breaches can have a profound impact on customer trust and the reputation of your business. Customers expect and trust that their personal and sensitive data will be protected, and if a breach occurs, it can lead to an immediate loss of trust. Customers may withdraw from your services and products, and your reputation may take a serious hit. Building up again after such a round is demanding and will cost a lot of time and money.

Therefore, it is important to prevent it from happening in the first place. Investing in security measures shows customers that you take people and security seriously. It can help you become a supplier and brand that they can trust and retain over a long period of time.

Legal consequences you may face

Security breaches can lead to serious legal consequences. Regulations such as GDPR in Europe give the authorities the authority to impose fines for breaches of privacy regulations. These fines can be very high and represent large costs for companies that do not have adequate security measures in place.

In addition to fines, companies can also be sued by affected parties following a security breach. This can lead to legal costs and compensation payments that can be devastating to the finances of a business. Preventing breaches of privacy laws by investing in security is therefore a financially sound decision.

Preventive costs are predictable

Another important factor that makes preventive measures cheaper is that the costs are predictable. Investing in security measures, such as firewalls, anti-virus software, employee training and security audits, gives businesses control over costs. It is easier to budget for preventive measures than to deal with unforeseen costs that arise after a security breach.

Preventive measures can be implemented gradually and adapted to the company's needs and budgets. This gives companies the opportunity to strengthen security over time and avoid large, unpredictable costs that can arise after a breach.

Save time and focus on what you really want to do

Preventing security issues also saves a significant amount of time. Instead of spending time and resources dealing with the consequences of a breach, your company's employees can focus on their core tasks. This leads to better resource utilization and increased productivity.

In addition, the employees who usually have to spend time on recovery and handling breaches will be able to work on more value-creating tasks that can help the company grow.

summary

  • A data attack can cost anything from a few tens of thousands to many millions. Do you have that money on the books on the day the crisis occurs?
  • You depend on trust from customers to keep your income. A data attack can affect this part of the operation as well. Make sure they can trust you with their data.
  • The authorities can also say something about your actions before, during and after a computer attack. Then it is tryggest to show that you have done what you can all the way.
  • Preventive costs are predictable. With us, we operate with fixed monthly prices so that you can get both 365 Workplace, a secure network and equipment at a fixed price per month.
  • Spending your time on what you're actually supposed to be working on will be much more profitable than dealing with a crisis like a cyber attack. Instead, use the resources on what you are experts in!

We will always encourage working proactively rather than reactively. It's easy to be wise in hindsight, but what about being wise a little earlier? Either way, we are ready to assist. The costs can be so great, and we think it is very sad if cybercriminals are allowed to affect the operations of companies that many of us are happy with. Investing in preventive measures and robust security solutions is therefore one of the most financially sensible decisions we can recommend. Good luck!