The Cost of IT Gaps
A robust and flaw-free IT infrastructure can benefit your business, but a minor flaw can cost you in a variety of ways.
IT gap can cause an undesirable downtime, and per-hour downtime costs vary from $10,000 to $50,000 for SMBs.
The average cost of an internal threat-related incident for SMBs is $7.68 million.
More than 60% of companies running on unpatched systems suffered data breaches.
More than 50% of recoveries fail due to backup errors.
Other than the hefty fines from regulatory bodies like HIPAA, GDPR, etc., non compliance leads to the rejection of liability insurance claims. For example, PhilHealth
reported it denied claims worth over $115 million due to non-compliance issues.
Data breach incidents are rising sharply, and 85% of breaches are SMBs.