Companies have an obligation to support their customers after a breach and identifying what happened to their data after it was stolen is a good place to start. Taking the right course of action to support customers after a breach can go a long way towards repairing the reputational damage that can have far-reaching repercussions.
Select Health Network employee’s email used to gain access to 3,500 patient’s information
PayMyTab failed to follow security protocol, exposing thousands of users’ personal information
Understandably, SMBs sometimes fall short in funding cybersecurity initiatives, but compromises can stifle growth and innovation. This incident was an entirely avoidable mistake, and it’s one that could cost the company as it seeks to expand its customer base and capabilities. More than that, it’s a reminder that a great idea can be stymied by failing to account for the vulnerabilities that accompany improvements in user experience.
Cybercriminals encrypt Allied Universal’s IT infrastructure, demanding a $2 million ransom.
This is an incredibly expansive data breach for an SMB, and the repercussions are bound to be both expensive and far-reaching. Even when companies decline to submit to demands, the recovery costs can easily exceed the ransom payment. Coupled with additional data exposure, the price tag on such an incident could be immense. Ransomware is a top threat for any SMB, and the only adequate recovery is to proactively prevent malware from finding its way into your organization.
