cost of cyber security breach trolleye security

According to a CNBC news article, 43% of cyberattacks are against small businesses, with only 14% of them having any type of cybersecurity systems in place. The average cost of a cyberattack for a small business is roughly $200,000. This is a big sum for most small businesses — so big that it could put a lot of them out of business.

TrollEye Security is a cybersecurity firm that offers cybersecurity solutions for your small to medium-sized businesses. We do this through pen testing, which is where we attempt to break into your computer systems, network, and devices in order to discover the vulnerabilities within your computer system. Once we have collected this data, we then implement a comprehensive cybersecurity solution tailored to your small business. Below, we’ll examine the cost of regular pen testing versus the cost of a breach. Contact our cybersecurity firm today to learn more!

WHAT IS A DATA BREACH?

A data breach is when a cyber attack has infiltrated a business’ computer security systems and stolen information, be it customers’ credit card information or other personal information, such as social security numbers. Cybercriminals are looking for any form of information that they can profit from and/or sell to others and profit from.

COST OF TESTING

Gone are the days of installing a free antivirus software on your computer and performing a simple scan every few months. Even for individuals, this is no longer a service that is recommended. Any hacker with only an elementary knowledge of computer systems can break that. With cybercriminals having nothing better to do than invent new ways to steal companies’ data, you have to constantly be on your toes with regards to cybersecurity.

Many cybersecurity companies, such as TrollEye Security, offer pen testing and other services in order to help you prevent cyber attackers. The cost of most of these cybersecurity services are small, with most being for low monthly fees. The more cybersecurity services you employ, the better you will be protected from attack, but the more money you will spend. So are the costs of testing worth the potential prevention of a cyber attack?

THE COST OF A DATA BREACH

At the beginning of this article, we mentioned the cost of an average data breach to small businesses is estimated to be around $200,000. This number, however, is not just in lost revenue from the security breach. There are other costs to consider as well.

  • Cost to your brand and your reputation
  • Cost to upgrade to come into compliance if you are not
  • Cost to your stock value

CHOOSE TROLLEYE SECURITY FOR YOUR SMALL BUSINESS CYBER SECURITY NEEDS

TrollEye Security is your next-level cybersecurity expert, ready to prevent any bad guys from sneaking in. Our pen testing as a service feature allows you to continually be ready for cyber attacks by fixing them as they crop up. Don’t be a statistic; sign up with us for your personalized cybersecurity testing today!

Categories: Cybersecurity