No one is immune when it comes to cybersecurity. No business, no institute, no government, no individual. Data breaches can have numerous and harmful impacts on your business and with your existing and potential clients. The long-term effects can be based on how the company reacts, however the reality is that even quick responses may not prevent long term consequences.
The largest component for organisations who find themselves a victim of a data breach, is lost business and a considerable loss in profits. Aside from the monetary losses, a breach can cause organisations long term reputational damage, with irreversible consequences.
Studies have shown that up to a third of customers will stop doing business with companies that have experienced a breach. They also witness increased costs when acquiring new customers.
A data breach can also cause business opportunities to dwindle and can result in the loss of trust between employees and shareholders, ultimately harming the credibility of the business. Have you made data security a top priority for your business, particularly with GDPR in effect? The time has come when insufficient security controls can no longer be ignored or mismanaged.
The good news is that IBM Security Software prepares you for your security journey, no matter where you are on the path. As a proven leader in data security, we help businesses like yours to continue to innovate while mitigating risk and securing your most critical data.
IBM not only helps businesses protect their critical data and infrastructures but also the people who use them from threats and breaches. IBM Security Software addresses your concerns by offering a broad portfolio of security solutions and security options that suits the needs of your business. Read our latest whitepaper on how IBM can help deliver a top-notch customer experience: http://bit.ly/2uUr64c