The second you get word there’s been a Cyber Attack on YOUR watch, your whole company shifts into damage control…
Post Data Breach Response: Inbound communications, massive investigation and legal fees account for about $1.56 MILLION in response costs.
Customers Bail: Yes, they will leave in droves. Especially if THEIR information is compromised. Expect to pay $4.13 MILLION in loss of customers cost.
Detection and Escalation: This includes forensic and investigative activities, crisis team management, audit services and more. The average U.S. business paid $1.07 MILLION.
Of course, all this time… you’re NOT marketing, NOT selling, NOT bringing in revenue.
What’s worse, as CEO, YOU get ALL the blame. Not your IT team. Certainly not the cyber criminal. All eyes are on YOU. You must face your customers, your stockholders, your employees and tell them how YOU cost them their money, their time and their trust.