Cyber attacks can result in the loss of data, productivity, equipment and money. Each year IBM releases a cost of data breach report. The 2021 report shows the average cost of company breaches was $4.2 million! This is up 10% percent from last year with an additional $1.07 million caused by those that are working from home. The most compromised type of data is PII (Personally Identifiable Information) which will cost an average of $180 per record that is illegally obtained.
In terms that more of us can relate to…
Imagine having your most precious memories stored on your computer with no backup. Pictures and videos of your kid’s first steps, birthday parties, vacations or loved ones that are no longer with us. One day you click a link in your email and suddenly you see a message on the screen that says, “Pay us $500 and we’ll release your computer.” That’s ransomware. Do you pay the money? Did you just cringe at the thought? I did!
Cyber attacks don’t just hit businesses. They hit home and they hit hard. If the proper precautions aren’t in place, it’ll cost you.