When a mistake is made, every business needs to supportive resources in place to hasten a full recovery and to begin repairing the intense reputational damage that accompanies a cybersecurity incident. In doing so, companies protect their customers, which could make a big difference when securing their loyalty in the future.

Once a breach occurs, customer information is readily and permanently available online. Therefore, data security is one of the best customer-facing initiatives that a business can adopt. When mistakes are made, knowing what happens to that information and putting procedures in place to prevent future breaches is a must-have service for any business.

Opportunity cost is a significant factor in a ransomware attack. Many businesses are making arrangements to account for the costs of recovery, but there is no way to avoid losses in productivity and revenue that inevitably occur during a ransomware attack. Therefore, businesses and organizations need to take every precaution to prevent a ransomware attack before it occurs.

Supporting those impacted by a data breach is the most important responsibility of any company that fails to protect customer data. Having the policies, procedures, and technology in place to quickly respond to a breach can help mitigate the inevitable reputation damage and customer blowback that accompanies a security lapse.

The astounding costs surrounding repair, restoration, or even ransom payments can significantly impact a company’s ability to continue operating. Once ransomware takes hold of a company’s IT infrastructure, every path forward is expensive and fraught with difficulties.