Theft of intellectual property, corporate information, disruption in trading, and the cost of repairing damaged systems

‍Loss of consumer trust, loss of current and future customers to competitors, and poor media coverage

GDPR and other data breach laws mean that your organization could suffer from regulatory fines or sanctions as a result of cybercrimes. All businesses, regardless of the size, must ensure all staff understand cybersecurity threats and how to mitigate them. This should include regular training and a framework to work with that aims to reduce the risk of data leaks or data breaches.

Given the nature of cybercrime and how difficult it can be to detect, it is difficult to understand the direct and indirect costs of many security breaches. This doesn't mean the reputational damage of even a small data breach or other security event is not large. If anything, consumers expect increasingly sophisticated cybersecurity measures as time goes on.