At this point, everybody has probably heard enough about cyber attacks to get the gist. Hackers come in through a nefarious means. This could range from phishing, to finding a zero day exploit in a server, to just peering over an employees shoulder. From there, they use the way in to steal your data. This includes login credentials, customer information, credit card information and just about anything else that’s out there. In the case of ransomware, the most prevalent attack, these hackers hold your data hostage, crippling your organization until you pay up. That sounds bad doesn’t it? Well, that’s not the only price you pay when you get hacked. Today, let’s look at what else costs you when you get attacked.
How much does trust cost your business? When customer or employee information leaks to the dark web, it serves to erode the trust you have built.
This could mean a number of things. It could mean your customers and clients suffering from identity theft, bank account breaches, or having at the bare
minimum to argue with their bank or change all of their login credentials. These minor nuisances and major challenges come back to reflect on your company’s security. Many businesses have suffered greatly from lack of consumer confidence. On the employee end, it can mean reimbursement, time lost, and worse yet, a higher turnover rate. If an employee cannot trust and employer with their livelihood and reputation, then they lose much of the incentive to stay with that job. Those factors can also keep other qualified applicants from wanting to join the ranks of your business.
A breach is also cause for investigation. For some that could be just a minor nuisance as they may have a great MSP like Delval Technology Solutions to make sure they are compliant and operating within the regulations that have been set out. If a company isn’t up on their compliance, then it can be a far bigger issue. That’s when they need to worry about fees and fines levied, costing thousands of not millions of dollars. It can also lead to an organization being shut down completely, depending on the violation.
How much does it cost you, per day for your network to be shut down? This question is a pressing one for many business owners. The cost of downtime is something that can bleed a business dry if it goes on to long. In fact many studies indicate that a business can only sustain three days of downtime without losing catastrophic amounts of money. After that 70% of businesses have to shut their doors completely. You still have to pay your team, even if they are knocked offline by an attack. Your bills, invoices, and internal communications will grind to a halt. You won’t be able to get the money from your clients in order to pay your bills and your staff. Your team won’t be able to continue and complete their tasks as they will not be able to communicate or collaborate over your network. Your customers who are trying to reach you will be left in the dark. This ripple effect is why making sure you have systems in place to minimize downtime are crucial elements to your business.
This may seem daunting, after all these hackers are working full time to attack enterprises such as yours, and you are working full time on numerous other things involved in running your business. This is where an MSP like Delval Technology Solutions comes in. An MSP gives you access to the resources you need in the fight against hackers. You will have experts on call, helping you plan and manage your network proactively. Your company will have access to top class software and hardware, handling things such as multi factor authentication and real time network monitoring to keep intruders out and your business experiencing uptime, not downtime. Your team, well they will receive monthly training to help transform them from average
employees into Frontline firewalls, helping you keep hackers and cyber-attackers at bay. All of this comes at a fraction of the cost of hiring
just one full time IT technician, and is tailored by experience so you get what you need, when you need it.