What does a security breach or malicious hacker attack cost? For organizations that lack a fully resilient infrastructure, hidden costs can include operational interruptions, loss of customer trust, lawsuits and compliance regulation fines.
Consider the costs an organization can incur from ransomware.
In March 2018, Atlanta’s city government was hit with a ransomware attack, in which criminals demanded roughly $51,000 in bitcoin to restore the city’s systems. Atlanta didn’t pay.
A security breach can cost your organization more than money. Learn how to avoid them through business resilience best practices.
Consequently, according to Engadget, more than one-third of the city’s necessary programs went offline or were disabled in part. Worse, Atlanta’s city attorney office lost six of its 77 computers and 10 years of documents. The Atlanta police department lost its dash cam recordings. Initially, the cost of recovering from the attack was an estimated $2 million—but that soon increased by another $9.5 million.
Here are some examples of the hidden costs a security incident may bring, with tips on how to avoid them through business resilience best practices.
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https://blog.sungardas.com/2018/11/the-hidden-costs-of-security-breaches/
