The Impact of a Data Breach on Your Business

managed IT services in OC

Businesses of any size can be targeted by cyber-criminals and face the often-devastating impact of a data breach. Fortunately, companies and organizations can protect themselves from cyber-attacks with managed IT services in OC.

Cyber-attacks are more common than many people realize. Numerous small to medium-sized businesses seem to think that it won’t happen. They may believe their company is too small to be of any significance but unfortunately, this is not the case. 

Managed IT Services Prevent Data Breaches

Managed IT services in OC protect business data from accidental leaks, theft, damage, corruption, and illegal access through malware, spyware, viruses, emails, and third parties. 

Data breaches can impact companies and organizations in seven ways:

1. Financial

Direct attacks on your website could lead to money being siphoned from your or your client’s accounts. Costs can also be incurred through disruption to the business, which can hinder performing income-generating work activities.

Moreover, time loss at work may have to be redone to undo the damage the breach caused.

2. Business-Related 

Your business’s reputation could suffer serious consequences, resulting in fewer opportunities, being dropped by clients or suppliers, and even damaging companies you work with—costing time and money.

3. Costs

These are costs related to identifying, repairing, and preventing cyber-attacks. It’s also essential to investigate to find the cause of such. Forensic investigations can be expensive, but they might also be mandatory in your field. 

Investigators identify further vulnerabilities in your computer network and can develop solutions to keep your data safe in the future. Many businesses don’t have the resources to carry out these tasks and you can outsource cybersecurity to manage your IT services.

4. Time

You have to report the attack to the relevant authorities and all your clients whose information is at risk. This might be the time you can’t afford to lose, but you must take accountability and responsibility.

5. Fines

Authorities may fine you for not taking proper precautions to prevent cyber-attacks and data breaches. 

6. Liability

You may be liable for the breach’s impact on your customers, clients, suppliers, partners, etc. They could open a civil case against you, where you might have to pay out every entity affected.

7. Trust

Once trust is broken, it is challenging to earn it back. You might take all the care in the world to prevent future attacks, but customers and partners might always wonder if you’ve really done as you said.

They may always be concerned that another breach is imminent. Depending on the type of business, they may doubt your word and the validity of your service. They may lose faith in your products and want to avoid being tainted with the same brush based on their business relationship with you.

Don’t Let a Data Breach Happen to You – Choose Affant IT Management!

Managed IT services can help you prevent a data breach from happening in the first place. Managed IT services in OC will also protect your business against potential threats 24/7.

We create and put into place safeguards to protect corporate data. This information can be kept in a variety of ways, including electronically and on paper. You need methods and procedures in place for protection because you deal with a lot of data on a regular basis.

To learn more about managed IT services in OC and how they can benefit you, contact us at 714-338-7100 at Affant IT Management today!

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