The one cyber mistake that’s cost businesses more than they think

On the 31st of March, 2023, Capita — one of the UK’s largest outsourcing firms — admitted to a data breach that compromised the personal details of countless clients and staff.

What started as an avoidable vulnerability in their Microsoft Office 365 system ended with ransomware actors exploiting the hole, leaking data, and causing an estimated £20 million in damages and lost client trust..

Too many businesses take their cyber safety like a “we’ll cross that bridge when we get hacked” issue. By the time the bridge is burning, the damage is already done.

Locking your system down on antivirus software is cool, but that shouldn’t be your full security plan. Threats today aren’t just phishing emails and fake popups. They have emerged into sophisticated social engineering, supply chain attacks, cloud vulnerabilities, and ransomware-as-a-service cartels targeting even SMEs.

Failing to invest in basic protections like strong password policies, multi-factor authentication (MFA), regular staff training, and secure backups is reckless, kind of.

Insider threats, insecure APIs, outdated software, and that one former intern who still has access to your admin panel can ruin your business.

A 2023 IBM report states that the average cost of a data breach globally is now $4.45 million. And in Nigeria, KPMG reported a 117% increase in cyberattacks against local businesses between 2021 and 2023.

Your customers don’t care that your website got taken down because you didn’t update a plugin. All they know is that they can’t make a payment. Or worse, their personal info just got leaked.

At EyBrids, we’ve seen it all. And we’re not here to scare you—we’re here to help you build secure, thriving businesses.

As a business development, cybersecurity, and digital transformation company, Eybrids helps businesses like yours lock down vulnerabilities before they become headlines. We believe that security is a foundation every business should build on.

So before you buy another social media automation tool or pay for your next billboard ad, make sure to secure your business. Because all it takes is one crack, and the wrong person walking through it, to lose everything you’ve built.

In all, EyBrids has your back.

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