It's something we hear about all the time: Data breaches. It seems that, on any given day, one or two companies have been compromised and have leaked confidential internal and client data. What we don't hear about often, however, are the innumerable compromises of small businesses all over the country. Security incidents are devastating for all but the most monolithic businesses, but have proven to be especially so for smaller businesses. A recent study found that the cost of a data breach can range anywhere from $1-$2.5 MILLION in downtime, missed opportunities, damaged systems, and tarnished reputation for at least 20% of breached companies.
Of course, it's not a hopeless situation. There are a lot of preparatory steps that can be taken to mitigate or revert the major damage caused by a data breach, though to what extent depends on the type of attack you face. An email account that becomes compromised and used to push malicious spam to your company address book is invariably going to cause damage to your reputation, but can be caught early enough using exchange monitoring tools and services that the extent of the damage may be far lessened. The same goes for ransomware or other forms of malware: regular backups and use of FrameWork's business continuity services can make ransomware a one-time inconvenience, rather than a disaster with recovery efforts that last months.
At the end of the day, cyber security is about layering defenses and services that will make it harder to become breached in the first place, and mitigate the extent of the damage in the event of compromise. No matter what, however, FrameWork is here to take care of you and your business. If you want to learn more about some of our network security and business continuity processes and what options we have to enhance your security posture, give us a call. We're here to help.
To read more about some of the specifics regarding data security and the statistics revealed in the Cisco 2018 Security Capabilities Benchmark study, see the article HERE.