Posted December 2024

The true cost of a cyber attack goes far beyond immediate financial losses. Hidden impacts like operational disruptions, legal fees, and recovery efforts can cripple a business if not addressed with a strong cybersecurity strategy. At iPower Technologies, we provide comprehensive solutions to uncover these unseen threats and help your organization build a robust defense plan that minimizes long-term damage.

1. Reputational Damage
   News of security breaches spreads rapidly through social media and instudy networks, eroding public trust and causing significant business losses, customer exodus, and plummeting stock prices.
2. Work Stoppage and Downtime
   Organizations face an average of 258 days to identify and contain a breach, leading to costly downtime, lost productivity, and project delays that grew 11% more expensive in 2023.
3. Regulatory Fines & Legal Fees
   Organizations hit by cyber attacks face steep legal consequences, from multi-tiered regulatory fines under frameworks like HIPAA (up to $50,000 per violation) to costly lawsuits from affected customers, vendors, and shareholders.
4. Intellectual Property Theft
   Loss of proprietary technology or trade secrets can severely harm an organization’s competitive edge, disrupt R&D, and lead to financial losses, particularly in industries like manufacturing and technology, which are prime targets for IP theft.
5. Insurance Premiums
   Organizations may face higher premiums, stricker compliance requirements, and policy changes, while those without existing cyber insurance may encounter greater challenges in securing coverage and addressing protection gaps.

Arm your business against cyber attacks! Discover solutions that will keep your business ahead of the curve with one of our iPower Technology experts. Contact us today!