Unexpected Consequences of a Data Breach

Imagine your business as a bus; everything – your data, software, hardware, and even your employees – is on board. As long as we’re all on this bus together, the business is cruising just fine.

In this scenario, cybersecurity is the seatbelt for your business bus; if you wait until you crash to put that seatbelt in place, it is too late! Without cybersecurity, your internet-connected systems, hardware, software, and data are all hanging out there, driving along unprotected and vulnerable. 

You wouldn’t take your car out on the highway and drive unprotected, would you? 

Prioritizing cybersecurity principles, best practices, and ongoing training should be a no-brainer for any business, regardless of industry or size.

We’ve already covered what to do post-breach and how to safeguard your business; now, let’s get honest about what’s on the line when the inevitable breach happens and your cyber security measures are ineffective.

Here are the top 4 consequences of a data breach to your business that you need to consider:

  1. Reputation: Word of mouth is a powerful weapon, and a data breach is an express lane to losing the public’s trust for years.
  2. Lost customers: Today’s consumers won’t forgive a company they can’t trust with their info and money. Studies show that 4 out of 5 customers won’t stick around after a breach.
  3. Vulnerable data: Once breached, your company becomes a playground for credential-stuffing attacks. Criminals will hammer the same credentials across various platforms, making your shaky reputation even shakier.
  4. Increased insurance premiums: A cybersecurity insurance policy is a necessity. Filing a claim can skyrocket your premiums.

If you’ve been a victim of a cyber attack or data breach, read this article and call us immediately for a Free Network Security Assessment.

At Meeting Tree Computer, we don’t mess around with our client’s business security. We know how valuable your business is to you and your team. If you want to learn more or get tips on preventing a data breach, contact Meeting Tree Computer at 845-237-2117. Don’t wait until it is too late.