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$400,000 Down the Drain – How A Cyber Attack Can Cripple Your Company

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Cyber Security Breaches Continue To Cost Businesses Well Into The Future!

Kaspersky Lab and B2B international conducted a study which found that a DENIAL OF SERVICE (DDoS) attack can cost companies big – averages run from about $52,000 to $444,000 in loses depending on the size of the company. Not only is this obviously a huge financial strain in and of itself, but it can also do long-term damage to a company’s reputation.

According to the study, 61% of DDoS victims suffered temporary loss of access to critical business data, while 38% were unable to carry out their business. 33% of companies that responded reported loss of contracts and business opportunities. Insurance premiums were increased in 26% of cases, and 29% found a negative impact on their credit rating.

These sums include the cost of remediating the consequences incurred by the attack, such as the 65% of companies who consulted with IT specialists afterwards. Kaspersky reported that 49% of firms paid to fix their IT systems, while nearly 50% had to consult with lawyers or risk managers.

Cyber Security Risks

What Are You Willing To Risk By Not Completing A Cyber Risk Assessment?

In most cases, DDoS attacks and the disruption they cause become public – 72% of victims said they made information available through their resources, 43% spoke to customers about the breach, and 26% spoke directly to the media. Of those, nearly 40% of companies said that they suffered a blow to their reputation as a result of the attack.

The attacks ability to totally disrupt work and lead to loss of wages had led to increased awareness of DDoS attacks, as well as urging of companies to consider DDoS protection as part of their IT security procedures. Kaspersky lab has warned that protecting against these attacks is as crucial as blocking malware, data leaks and any other security breaches.

Kaspersky Lab provides access to its clients’ online resources during complex attacks and works to prevent infrastructure and services from being overloaded.

To learn more about the harmful potential of DDoS attacks and other cyber security issues contact PC Help Services at info@pchservices.com or by phone at (317) 585-0500.

Alexssa

My wife called around and the first company to actually answer the phone was PC Help Services, Inc. She scheduled a time for the owner, Jason, to come out to our house; he came out within 48 hours. (In the past, we had taken our computer to a place like Best Buy to get it repaired, but we really don’t like doing that anymore. Even though it costs more for a repairman to come to one’s home, it is worth it for convenience and security.) Jason showed up on time and was very professional. At the advice of the person who scheduled the appt. over the phone, we purchased a new DVD burner from Fry’s ahead of time to save money. When Jason determined that the DVD burner / drive in our computer was indeed inoperable, he began to replace it with the one we had purchased. There was a problem between the computer and the connectors for the new DVD drive. Jason knew of a store from which he could buy a new connector. Within 10 minutes he was back and had spent $5.00 for the connector. He quickly installed the new DVD drive and concluded within 45 minutes, start to finish. Hire PC Help Services, Inc., by all means!”

Philip Kern / April 2009

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