Okay, so, like, whats cybercrime really costing businesses in New York? Its kinda a tricky question, right?
What is the cost of cybercrime to businesses in New York? - managed services new york city
I mean, you see these HUGE numbers thrown around, like billions (and sometimes even TRILLIONS!), but what does that
actually mean for, say, Joes Pizza down the street?
Well, its not just about the big corporations, you know, the ones that get hacked and splashed across the headlines.
What is the cost of cybercrime to businesses in New York? - managed services new york city
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Its also about the smaller guys, the ones who might not even realize theyve been targeted. Think about phishing scams, where someone sends a fake email trying to trick an employee into giving up passwords (super common!).
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Or ransomware, where a hacker locks up a companys files and demands money to unlock them (terrifying!).
So, you gotta consider a bunch of different things when youre figuring out the cost.
What is the cost of cybercrime to businesses in New York? - managed services new york city
Theres the direct financial loss, obviously. Thats the money stolen, the ransom paid, the cost of fixing the damage to your systems. But then theres the downtime. If your systems down, you cant do business, right?
What is the cost of cybercrime to businesses in New York? - managed services new york city
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Thats lost revenue!
What is the cost of cybercrime to businesses in New York?
What is the cost of cybercrime to businesses in New York? - managed services new york city
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And what about reputational damage? If customers find out you got hacked, they might not trust you anymore (big ouch!).
And dont forget the legal stuff! Investigating a breach, notifying customers, dealing with lawsuits...
What is the cost of cybercrime to businesses in New York?
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it all adds up.
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Plus, you gotta beef up your security after an attack, which means spending even
more money on things like better firewalls (those are important!) and training for your employees (so they dont click on those dodgy emails!).
The thing is, pinning down an exact number for New York is almost impossible.
What is the cost of cybercrime to businesses in New York?
What is the cost of cybercrime to businesses in New York? - managed service new york
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These things are often underreported.
What is the cost of cybercrime to businesses in New York? - managed it security services provider
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Businesses dont want to admit they were vulnerable, you know? It makes them look bad!
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And a lot of the cost is indirect, like the loss of customer trust (hard to measure that, isnt it?)
So, while you might see some report saying "Cybercrime cost New York businesses X billion dollars last year," take it with a grain of salt.
What is the cost of cybercrime to businesses in New York? - managed services new york city
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Its probably a low estimate.
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Whats the real cost? Its probably more than you think! It is a big problem, and everyone needs to pay attention!
What is the cost of cybercrime to businesses in New York? - managed service new york
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What is the focus of cybersecurity startups in New York?