When it comes down to it, dollars and cents are what matter to businesses. Money spent on helping any business usually show tangible results. Because of that mindset, many business owners tend to scale back on software and services that protect their business from data breaching. Now, many of them wished they had invested more in it.
The cost of repairing and plugging a data breach has jumped 23% since this past year. Large organizations pay up to $20,000 per day in order to fully recover from a cyberattack. Many cyberattacks usually take up to a month to recover and become secure again. $20,000 per day for 31 days? I’ll let you do the math. Bottom line, pay more now so you won’t risk paying world’s more later. You can read more about this here.