What most CEOs think – is cybersecurity an expense or an investment?

It was a productive sunny day, with some deals waiting to be closed. Nothing has prepared the CEO for what was going to happen next: an IT problem that could have jeopardized his whole business if it weren’t for our intervention.

Data breaches cost companies an average of $3.6 million globally and for smaller companies, the price tag can wipe out the entire firm. Even so, many companies don’t have solid policies in place and do not perform training to create a cybersecurity culture within their organization. Hence, problems appear and then they call the experts (us) to solve it. It’s our job and we love it, and that’s why we share today 2 ways to help you: a case study and expert advice.

Case study; Murphy’s law: whatever can go wrong, will go wrong

Picture this: one of our clients, among small and medium-sized companies, an SME with 3-20 employees who work with different documents. Some firms– like law firms or notaries – directly rely on those documents for their daily activities. What we usually find there, is this:

all kinds of computers, most of them with an old, „home” operating system
each computer has a local user with a very easy to remember password (who benefits from this??) that is rarely changed
a local server so files can be easily accessed (by anyone, we wonder)
data is sent to the clients without any safety
back-up is an unknown word
the „IT department” is usually a young tech passionate, be it a colleague, a friend, a friend’s friend…

…and the list goes on and on. And then problems start to appear. This is why we decided to share the tip below.

The expert’s advice: cybersecurity is an investment.

We know business owners generally think in terms of profit and loss and things that generate enough revenue that they yield a profit are good and the others are not. But situations such as the ones above have led us to think to advise any entrepreneur to ask himself/herself, at least once: What if tomorrow I lost all of my documents? Will I still have a business?

According to reports, data breaches cost companies an average of $3.6 million globally and for smaller companies, that price tag could wipe out the entire firm. So, what can you do, in order not to become one of our case studies? Our TPC Management IT experts have two pieces of advice for you:

Tip1# Implement some cyber threat awareness training:

Each member of your staff needs to be correctly and constantly aware of the latest threats, regardless of their role.

Tip2# Improve your business’s security long-term, through specialized software:

Choose to optimize the IT Security and infrastructure for your business, as security infrastructure is a key concept needing first-grade attention. We can help you secure your infrastructure, whether running in the cloud, on-premises, or in a co-location facility.

With Sophos Security and TPC Management you get complete security so that your business can run smoothly, without any cyber-disasters.

Take your business seriously, by taking IT seriously. By understanding that IT security is an investment in your future, and never a cost.

Keywords: cybersecurity, company, IT, expert, device, software

What most CEOs think – is cybersecurity an expense or an investment?