Here Are Just a Few of the Risks of Cybercrime
1. Paying the Ransom to Get Your Data Back.
According to Palo Alto, the average ransomware payment is just north of $920,000 nowadays.
2. Credit and ID Theft Monitoring for EVERY Person Impacted
To ensure that every person impacted maintains credit and ID theft monitoring, this will come at a cost of $10 to $30 per record.
3. Costs of Your Staff
Having to deal with a tsunami of paperwork, phone calls, tasks and projects to clean this mess up and deal with the recovery, which takes them away from the productive work you hired them to do.
4. The Fees and IT Costs
To remediate all of your insurance company’s forensic findings and re-establishing working agreements within your supply chain.
5. If the Breach Involves a Computer That Transmits or Hosts Credit Card Data:
- Fees of $500,000 per incident for being PCI non-compliant.
- Increased audit requirements.
- Potentially increased credit card processing fees.
- Potential for company-wide shut down of credit card activity by your merchant bank, requiring you to find another processor.
