Sure, you might know that there are “some” monetary repercussions of suffering a data breach, like the costs associated with notifying the individuals involved, but what about the rest? Rely on word of mouth or referrals? Customers may not be so quick to refer a company that compromised their data.
Exploitation: From paying the ransom to access your files or finding out you’ve experienced fraudulent wire transfers.
Fines & Penalties: County, Federal, State, and PCI can all impose fines and penalties on an organization when a security incident occurs.
Crisis Management: Financial damage is bad, but reputational damage is devastating. Gaining back lost trust is a hard pill to swallow
Small and Medium-Sized
Businesses at Risk
SMBs account for 43% of data breaches.
Lack of time, resources and education are three major factors that put small to medium-sized businesses (SMBs) at risk.
2019 Data Breach Investigations Report
83% of SMBs lack the funds to recover.
What’s worse? A quarter of those who can’t afford it didn’t even realize there would be any recovery costs involved.
2018 InsuranceBee Cybercrime Survey
How to Calculate Your Cost
Enter the number of customers’ data you have access to and choose between three types of data breaches:
Payment Card Industry (PCI) How much could a breach of credit card information cost you?
Protected Health Information (PHI) How much could losing patient data cost you?
Personally Identifiable Information (PII) How much could losing client identity numbers or email addresses cost?
Press "Calculate" to see what a breach could cost you! Hover over any of the associated costs to learn more.
Proactive Prevention & Protection
It’s been proven that a comprehensive and continuous security education program can effectively reduce phishing click rates by up to 64%. With phishing being one of the top attack methods used by cybercriminals, investing in a phishing and education program has been shown to output a 37-fold Return on Investment.
Ponemon Institute. “The Cost of Phishing & Value of Employee Training.”