The 6 Intangible Costs of a Cyberbreach
One of the most important components of managing cyber-risk is prevention. Some organizations, however, sometimes fail to realize that data breaches can cost more than just lost data or access to systems.
The consequences of a cyberbreach can affect various business relationships—insurance companies, banking institutions, investors, or potential buyers, for example. The implications of those intangible costs often mean companies must adhere to criteria that helps them evaluate the security of companies.
There’s no right or wrong way to secure an organization. Each solution should be unique to the structure of the company, the audience you serve, and the type of data you manage. The goal is to strengthen your technology infrastructure to build confidence in your business.