“The British insurance company Lloyd’s estimates that cyber attacks cost businesses as much as $400 billion a year, which includes direct damage plus post-attack disruption to the normal course of business. Some vendor and media forecasts put the cybercrime figure as high as $500 billion and more.
Then there’s the hacks and breaches which go unreported by privately held and unregulated companies who are fearful of how cyber incidents will damage their reputations — which can have a negative impact on revenues, company valuation when raising capital, customer acquisition and retention, and their ability to recruit top talent.”
According to KPMG, the majority of consumers (58%) that have been surveyed have said that a cyberattack or data breach would discourage them from using a business in the future. According to a similar survey by KPMG, research shows that a whopping 86% of procurement departments would consider removing a supplier from their roster due to a cyber breach!
A typical data breach can take an average of 26 hours to resolve for small businesses, which is a large chunk of time to stop running a company to deal with an issue – not to mention the costs incurred and it being all too obvious to their customers.
Pro-Active IT’s services are designed to work together to quickly revive an IT environment following any unplanned downtime and to ensure the business retains access to data, systems and services it needs to function. Contact us today to learn more.