Neglecting Cybersecurity, don’t be the next Travelex*

Cybersecurity: How It Can Destroy a Company's Reputation and Bottom Line.

*Jan. 2020, Travelex services were pulled offline following a malware infection. The company itself and businesses using the platform to provide currency exchange services were all affected.

All savvy executives are well aware that their company's reputation and financial performance are paramount. Did you know that one area that is often overlooked - cybersecurity - could actually be the downfall of an entire organization? That’s the shocking truth about neglecting cybersecurity and how it can lead to disaster.

Cyber Breaches: The Silent Killer of a Company's Bottom Line

Cyber breaches are like silent killers that can lurk beneath the surface, waiting to pounce on an unsuspecting organization. When they act, they can wreak havoc on the bottom line, causing financial losses that can be catastrophic. Just like a thief in the night, a cyber attacker can swoop in and steal sensitive data, leaving a huge bill for remediation and an irreparable dent in reputation.

The Power of Reputation: Why Cybersecurity can't afford to be ignored

Reputation is everything in business. It's the glue that holds everything together, and it can make or break any company. Just like a celebrity's reputation can be tarnished with one bad scandal, a company's reputation can be destroyed with one cyber breach. A cautious risk assessment must be conducted before defining a remediation strategy for risk mitigation.

Cybersecurity: Threat also for environmental protection

Any forward-thinking executive is concerned about the impact of his company's activities on the environment. Cybersecurity must actually be a included in the fight against environmental damage. The risk assessment may point out direct impact on social or environmental impacts in case of exposed vulnerabilities. By preventing cyber attacks that can lead to system downtime and data loss, it’s possible to reduce a company's energy consumption and e-waste. It's a win-win for the company and the environment.

Conclusion:

It's time to face the harsh reality - neglecting cybersecurity can be a fatal mistake for a company. The good news is, it's not too late to take action. By implementing strong cybersecurity measures, it’s possible to reinforce protection on a company's financial performance and reputation, and also to make sure to keep environment hazard safe. It’s time to act and take control to safeguard the organization's future success.

Request a free 20-minute pre-diagnostic with one of our cybersecurity experts today and take the first step towards a secure future.