When determining your cyber security budget, it’s essential to consider all potential forms of loss from an incident. For example, ransomware may not just result in the cost of restoring data but could also include additional labor costs to clean up the malware, forensics investigation to confirm if any data was taken as part of the attack, and production losses while systems are down – to say nothing of the costs to your organization’s reputation.
Secondary costs could include regulatory fines, legal fees, and settlements; and your insurance may not cover these.
If data was exposed during the attack, you could lose competitive advantages from customer data, trade secrets, client lists, or other proprietary information. The costs from this type of data and reputational damage can be challenging to quantify and are seldom recoverable from your insurer. They’re also the more expensive types of costs.
The best protection is a rock-solid defense. View your network as an attacker would, finding and fixing the vulnerabilities before they can be exploited and continue to do this on a regular basis. And that’s where Stratix Systems can help.
Stratix Systems delivers a full suite of effective cybersecurity and compliance services –multi-layer protection to prevent cyber threats from damaging your network, applications, data, and confidential information. Whatever your organization’s needs for cybersecurity, Stratix has the experience, people, resources, practices, and technologies to help you protect your systems and information and take your organization to the next level. Visit https://stratixsystems.com/managed-it/cybersecurity/ to learn more.