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The True Cost of a Cyber Attack: More Than Just Money
- Cyber threats pose serious risks to modern businesses, impacting operations, reputation, compliance, and client trust.
- The global average cost of a data breach has risen by 15% over the past 3 years, affecting businesses of all sizes.
- Medium-sized and small businesses are increasingly targeted by cyber criminals due to inadequate defenses.
- A cyber attack involves initial compromise, privilege escalation, data exfiltration, payload delivery, and public exposure.
- Costs of a cyber attack include lost business, reputation damage, legal fees, regulatory fines, cyber insurance, and increased security spending.
- Real-world examples showcase the high costs of data breaches, including legal fees, lost revenue, and reputational damage.
- Long-term effects of cyber attacks include identity theft, regulatory scrutiny, trust decline, business challenges, and staff morale issues.
- Protecting your business requires a comprehensive cyber security plan, employee training, layered defenses, access controls, backups, and incident response plans.
- Investing in cyber security today is crucial for the long-term health and success of businesses in the face of rising cyber crime.
- Neuways offers support for small and medium businesses to build strong cyber security strategies and defend against evolving threats.
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