Unfortunately, once a ransomware attack infects your network, there are usually no get-out-of-jail-free cards. Ransom demands themselves often cost companies hundreds of thousands, whereas restorative services can be even more expensive. Moreover, the opportunity costs associated with interrupted business processes only makes matters worse. In this case, patients’ lives could have been put at risk, which is a worst-case scenario for any cybersecurity incident.

For many companies, protecting their data should be an extension of protecting their bottom line. The Miracle Systems breach is a reminder of the steep price that many companies pay in lost revenue and reputational damage that can have far-reaching consequences for their financial viability and future business model.

Having your company co-opted as a tool for cybercriminals is bad for business, and companies that are victimized in this way face an expensive, up-hill battle to restore their customer’s confidence. Preemptively knowing if your employee or customer data is compromised can help prevent this scenario by giving your business an opportunity to respond before hackers wreak havoc on your system.

Data breaches bring a host of complications to any company, including reputational damage and ancillary recovery costs. Altogether, it can cause significant financial distress to any organization. Neutralizing defensible threats, like phishing scams, is a simple and affordable solution that can play a prominent role in protecting your company’s reputation and bottom line.

Whether companies pay a ransom or restore operations using other recovery efforts, the implications can lead to lower ROI, or even worse, closed doors. When it comes to protecting your network against a ransomware attack, a strong defensive posture is the only option, and it’s one that every business should consider to be mission-critical in today’s digital environment.