Page 72 - Cyber Defense eMagazine - September 2017

If an organization believes that security breaches only result in financial penalties, they’re
mistaken. Seventy-five percent of security administrators say the cost of a data breach goes far
beyond the costs of fixing the issue and paying penalties. There’s the obvious risk of lost
revenue if an organization can’t operate during an attack, but there’s also the danger of
customers losing trust and withdrawing their business.

To combat the myriad evolving cyber threats, businesses must look to intelligent software-based
solutions rather than rely on IT security teams to reactively solve these issues themselves.
Budgeting for overpriced licenses and costly consulting fees is no longer a valid issue either
because there are inexpensive network security solutions available. If a business is proactive
with its network security, it won’t have to include costly fixes in its budget. If done correctly, the
costs associated with security breaches will be as mythical as the misconceptions we’ve just
debunked.

About the Author

Subhalakshmi Ganapathy is a product analyst for IT security
solutions at ManageEngine, a division of Zoho Corp.

She has in-depth knowledge in information security and
compliance management and provides strategic guidance for
enterprises on security information and event management
(SIEM), network security, and data privacy.

For more information on ManageEngine, the real-time IT
management company, please visit www.manageengine.com;
follow the company blog at blogs.manageengine.com, on
Facebook at www.facebook.com/ManageEngine and on
Twitter @ManageEngine.

72 Cyber Defense eMagazine – September 2017 Edition
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