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Join ĢTV CFO, Marcos Torres and Principle Security Researcher, John Hammond, as we look at the continuing financial complications following a cyberattack. Financial losses are ever-growing when looking at the world of cyberattacks; ransomware and other payment-forcing attack methods are increasing their asks exponentially as attackers realize there is a heavy reliance on company and personal data. This increase is seeing more and more groups set up larger and wider attack nets to ensnare more victims. However, is that where the costs associated stop being incurred?
“Do you fully understand the financial impact and implications of a devastating cyberattack?” This is the question we will explore within this webinar. The misleading understanding behind the thought, “I’ll pay the money and everything will be fine,” will be debunked as we look further from the attack and start to think about other implications that may occur after the fact and fully understand the average cost of a cyberattack against a business.
We will raise awareness to the fact that the initial cost is just one factor, and others include:
- Cyber insurance premiums skyrocketing
- Reputational losses
- The cost of not being able to work
- The cost of bringing everything back into a usable state
Key Takeaways:
- The financial impact of not preparing for threats
- Ever-growing attack methods
- Proactive/preventive defense
