Wednesday, March 13, 2013

The REAL Cost of doing Business with Computer Viruses



We all know that computer viruses that happen on our personal computers can be costly, so imagine the economic impact on businesses that viruses can have.  Several years ago Google reported a cost of $500,000 after an attack on their information.  The cost was calculated by looking at revenue lost by fighting a malicious virus and the hours spent used to fight off the virus.  $500,000 compared to the amount of revenue Google earns may not seem like much money, but when it comes to smaller businesses, the impact can be much larger.  Computer viruses can cause more financial trouble for businesses then they may realize. 

There are many aspects that can cause the financial troubles a company faces when they are attacked by computer viruses, malicious software, or worms.  First of all if there is a computer virus sent by a hacker it could release important financial information about the company.  If financial information about the company is leaked the hacker could have access to assets of the company.  Customer information could also be leaked which could lead to the loss of sales or revenue being brought into the business.  

Many costs that come with a business being attacked by a computer virus is the money spent trying to fight off the attackers that deployed the virus.  Google was a prime example of a company who had to pay out a hefty amount of money to try to fight off a virus that was attacking their system.  Many hours and people will have to be used to try and keep the virus from infiltrating the companies system.  

Finally the money that needs to be paid to replace firewalls that are attacked after the virus has been subdued.  Many of the viruses that hit companies can destroy information that is in the company so cleaning up after the virus can be costly.  It may take time and effort to read and check all the documents and information that is currently in the system and that may have been compromised.  

For companies it is definitely best to try to put up protection against the viruses, although with hackers wanting to obtain important information makes it difficult.  Companies will be better off by putting a small amount of money down to try and prevent many of the attacks that could become problematic in the long run.  Even though anti-virus software and many precautions that often suggested will not always work, it is still worth the money that it could save in the long run.  


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