Page 83 - Cyber Defense eMagazine September 2022

Long-Term Impacts A Data Breach Can Have on Your

Business

Ways To Protect Your Business from A Data Breach

By Grant Gibson, Executive Vice President, CIBR Ready

The average data security breach takes less time to pull off than it does to prepare a cup of coffee.

While the main focus of any organization who experiences a hack is solving the issue quickly and
addressing their employees, it turns out there are a number of long-lasting effects that can cause potential
damage to your business. These may include a hit to company reputation, revenue loss, data loss, and
disruptions in operations.

As the risk of cyber security attacks and data breaches increases each year – as highlighted by recent
news headlines – it is imperative to learn about the possible long-term impacts they can have on your
business and how to prevent them.

Loss of property

When a data breach occurs the hacker can gain access to company-sensitive files that may include
financial information, personal details, or confidential documents such as contracts. Many times, they will

Cyber Defense eMagazine – September 2022 Edition 83
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