In a world where cyber-attacks are more frequent, sophisticated, and impactful than ever before, businesses can no longer afford to view cyber security as an optional investment. The cost of inaction is staggering, not only in financial terms but also in the disruption of operations, customer trust, and irreparable reputational damage. At Amicis Group, we’ve seen how proactive cyber security strategies can protect businesses from these devastating consequences.
The Financial Impact of Cyber Threats
According to industry reports, the average cost of a data breach in 2024 was £3 million. For SMBs, even a fraction of this amount can be catastrophic. Some of the financial consequences include:
- Ransomware Payments Ransom demands reached an average of £500,000 per attack in 2024.
- Downtime Costs Businesses lose an average of £200,000 per day during recovery periods.
- Regulatory Fines GDPR violations can result in fines up to €20 million or 4% of global turnover.
How can Amicis Group help, Our Managed Detection and Response (MDR) service combines AI-driven tools and human expertise to identify and remove threats before they escalate, saving businesses significant costs associated with breaches.
The Reputational Damage
In today’s competitive market, trust is everything. Studies show that 78% of customers would stop doing business with a company following a breach, even if the issue was resolved. Rebuilding trust takes years and often involves costly public relations efforts, but the damage to your brand can linger indefinitely.
How can Amicis Group help, Our Incident Response services include not only technical remediation but also guidance on effective communication strategies to maintain customer trust and mitigate reputational damage.
Operational Disruption
Cyber-attacks can paralyse operations, causing widespread disruption. For example, ransomware attacks often lock critical systems, leaving businesses unable to serve customers. The average recovery time for such incidents in 2024 was 21 days.
How can Amicis Group help, Our Backup as a Service (BaaS) and Disaster Recovery as a Service (DRaaS) solutions ensure that your critical systems and data are recoverable, to minimise downtime and ensuring business continuity.
The Cost of Doing Nothing
While implementing robust cyber security measures might seem expensive, the cost of doing nothing is far greater. In 2024, a mid-sized retailer faced a ransomware attack due to an unpatched vulnerability. The total cost of recovery, including ransom payments, downtime, and lost customers, exceeded £5 million. This could have been prevented with proactive measures.
How can Amicis Group help, From vulnerability management to comprehensive assessments, we offer tailored solutions to help businesses identify and mitigate risks before they lead to breaches.
A Proactive Approach with Amicis Group
Cyber security isn’t just about technology—it’s about strategy, vigilance, and partnership. At Amicis Group, we offer a full suite of services to help businesses:
- Assess Vulnerabilities Initial assessments to identify weaknesses in your systems.
- Prevent Threats Services like Managed Detection and Response (MDR) and Next-Gen SIEM for real-time threat detection and mitigation.
- Recover Quickly DRaaS and BaaS solutions to ensure business continuity.
- Adapt to Regulations Governance, Risk, and Compliance (GRC) services to help you meet evolving data privacy requirements.
In Summary
The stakes have never been higher. Cyber security is no longer a “nice to have”—it’s an essential component of business strategy. By taking proactive measures, businesses can protect their financial health, reputation, and operational continuity.
At Amicis Group, we’re committed to helping organisations stay ahead of evolving threats. Contact us today to learn more about how our tailored solutions can safeguard your business and secure your future. Or alternatively book a call here with our CTO Peter Moorhead.