Data Security Breach in the US? That’ll Be $8 Mill and Your Reputation!

Are you a small business owner looking for ways to protect your company from a data breach? If so, you aren’t alone!

The average cost of a data breach in the United States is $3.92 million, but America leads the world with the highest cost at $8.19 million!

The sheer cost of a data compromise can have devastating consequences for your business.

What is a data security breach and how can you help ensure your business and its customers don’t fall victim to one?

Read on to learn the answer to these questions and more!

Defining a Data Breach

In today’s digital age, data breaches can have a big impact on businesses small and large.

A data breach takes place when someone gains unauthorized access to sensitive information on a company’s network. Often, these attacks occur after the hacker performs research on your network and finds security weaknesses.

Sometimes these attacks can also be undertaken by a current or former employee with inside knowledge that enables them to compromise your system.

These common causes of data security breaches can keep your business offline and bring production to a standstill.

Potential Consequences

The consequences of a data breach can come in the form of lost income, extended downtime, and poor public perception about digital safety.

In the business world, time is money, and your company can’t afford to be down for long. A data breach can compromise your business records and keep you from serving your customer’s needs in the most effective ways.

Beyond the struggles inside of your business, you’ll also potentially face bad press or lawsuits as a result of the information that’s gotten into the hands of an unauthorized person.

Depending on the severity of a breach, these events can cause your business to suffer lost revenue opportunities or force you to shut your doors.

Preparing a Line of Defense

Your business should prepare a line of defense between would-be cybercriminals and your sensitive data.

The best way to do this is to hire an experienced internet technology (IT) team. They will have the knowledge that allows them to combat an attack in the most effective way. Putting your web security in the hands of these companies will give you peace of mind that you are taking steps to secure your digital footprint.

These IT pros will help you create a system that’s designed with the idea of a cyber attack in mind. They will also work with you to make a website that’s built from the ground up with a focus on security.

Wrapping Up: Protection Against a Data Security Breach

Staying ahead of a potential attack is the best way to protect against a data security breach.

At Envision IT Solutions, we are a team of professionals offering managed IT services. We offer a unique three-layered approach to IT security that gives our clients the best protection against a digital attack.