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You are here: Home / News / The Hidden Business Costs of a Cyberattack
The Hidden Business Costs of a Cyberattack

The Hidden Business Costs of a Cyberattack

July 14, 2016 By mark david mcCreary

In a world where technology is constantly changing, the effects and costs of a malicious hack on a business can be devastating, and in more ways than the average business owner is aware of. However, that doesn’t mean they aren’t preventable. Find out what exactly hackers are capable of, and what actions you can take in the fight against them.

Key Takeaways:

  • Most hackers are looking for personal information they can exploit for nefarious purposes. These include payment and health information, or even intellectual properties
  • The impacts of a cyberattack can be very extensive, lasting months or even years. Costs include investigations, making improvements to prevent another attack, and legal fees.
  • Experts believe that companies can save lots of money and data if they invest in preventative measures such as assembling a team to educate staff on risks and to identify potential weak points.

“At the core of this struggle is a view that business executives and security professionals seldom speak the same language and—perhaps more important—they rarely approach cyber challenges in a way that integrates multiple competencies to create better business context and insight in their cyber strategies.”

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