Companies that Invest in Web Security Can Finally Measure ROI
September 03, 2008
VANCOUVER, CANADA – September 3, 2008 – The recent hacker attack that infected hundreds of websites and thousands of web servers last month was a tragic reminder of the growing threat of cyber crime. But even if managers want to take action to protect their organizations, many of them are virtually paralyzed. Without a way to measure return on investment (ROI), executives can’t work a web security solution into their budget. Without ROI for web security, they can’t justify the investment… and their system remains unprotected.
But finally, the answers about the ROI of web security are here. Boonbox, a division of Pacific Coast Information Systems Ltd., a Vancouver-based company offering a web security boxed service, has done the research to develop a report entitled “Calculating Return on Investment (ROI) of Devfense for Web Application Security”.
The report’s critical findings:
- A corporate security breach could cost an organization between $9 million and $14 million in legal bills, crisis management measures and after-the-fact security improvements.
- A web security solution that helps IT departments save hundreds of thousands of dollars per year may pay for itself in as little as 10 days.
- If publicized in a way that catches visitors’ attention, a web security solution can help a business or non-profit increase its online revenue from sales or donations.
Organizations have known for years how hacker threats can threaten their operations. “We know from independent analysts from organizations like Forrester Reasearch that a security breach can cost a company between $90 and $305 per record to remedy the situation,” says PCIS President Vaclav Vincalek. “When a company’s website allows hackers access to thousands or even millions of records, the damages add up quickly.”
The tools are available for organizations to make themselves secure… and now key decision-makers have the ROI numbers to help them invest to protect themselves.
About PCIS – www.pcis.com
Pacific Coast Information Systems (PCIS) Ltd. is a technology and consulting firm based in Vancouver. Founded in 1995, PCIS offers packaged infrastructure and network solutions that enable organizations to address security and compliance issues within today’s complex IT environment.
About Boonbox – www.boonbox.net
Boonbox, a division of PCIS, was created in 2007. Boonbox packaged service solutions are developed for customers for whom network security is a high priority. Boonbox enables companies to address security, compliance and data integrity issues.
Media Contact
Jonathon Narvey, Communications
Pacific Coast Information Systems Ltd./ Boonbox (a division of PCIS)
700-1112 Pender Street West
Vancouver, BC
V6E 2S1 Canada
Phone: +1 (604) 844-7558
jonathonnarvey@pcis.com
www.pcis.com / www.boonbox.net