Join | Member Login
Arlington (VA) Chamber of Commerce | Arlington, VA 22201
  • Membership
    • Membership Benefits
    • Join Now!
    • Chamber Assisted Grand Openings
    • Chamber Member Retirement Program
    • ShopChamber
    • Advertising >
      • Website Ads
      • E-Newsletter Ads
    • Arlingtonopoly
    • Century Club
    • Committees
    • LeadShare
    • Annual Corporate Sponsors
    • Member Login
  • Business Directory
  • Events
    • Chamber Calendar
    • Community Calendar >
      • Submit a Community Event
    • Signature Events >
      • Arlington Business Gala
      • Hospitality Awards
      • AWE Women in Business Summit
      • Arlington Chamber Volunteer Day
      • Best Business Awards
      • State of the County & Public Safety Awards
      • Annual Meeting
    • Advocacy Events >
      • Legislative Breakfast
      • NOVA Elected Leaders Summit
      • County Board Candidate Forum
    • Networking Events >
      • Breakfast Connection
      • Business After Business
      • Women in Business
      • Young Professionals Happy Hour
    • Educational Events >
      • Chamber 101
      • Small Business Roundtable
  • Community
    • Arlington Restaurant Week
    • Employer Resources
    • Coupons
    • Job Board
    • Job Shadow Day
    • Travel
    • Foundation
    • Scholarship Fund
    • About Arlington >
      • Business Resources
      • Map of the Area
      • Visiting Arlington
  • Business Advocacy
    • Public Policy Positions
    • Arlington Advocacy >
      • Budget & Taxes
      • Planning
      • Project Support
      • Economic Development
      • Processes
      • Retail & Signage
      • Transportation
    • Virginia Advocacy >
      • Budget & Taxes
      • Transportation
      • Economic Development
      • Other Topics
    • Recent Advocacy
  • About the Chamber
    • 100th Anniversary
    • Board of Directors
    • Staff Directory
    • Chamber In The News
    • Strategic Plan
    • FAQs
    • Publications >
      • Publications (2011 - 2024)
    • Press Releases
    • Contact Us
  • Membership
    • Membership Benefits
    • Join Now!
    • Chamber Assisted Grand Openings
    • Chamber Member Retirement Program
    • ShopChamber
    • Advertising >
      • Website Ads
      • E-Newsletter Ads
    • Arlingtonopoly
    • Century Club
    • Committees
    • LeadShare
    • Annual Corporate Sponsors
    • Member Login
  • Business Directory
  • Events
    • Chamber Calendar
    • Community Calendar >
      • Submit a Community Event
    • Signature Events >
      • Arlington Business Gala
      • Hospitality Awards
      • AWE Women in Business Summit
      • Arlington Chamber Volunteer Day
      • Best Business Awards
      • State of the County & Public Safety Awards
      • Annual Meeting
    • Advocacy Events >
      • Legislative Breakfast
      • NOVA Elected Leaders Summit
      • County Board Candidate Forum
    • Networking Events >
      • Breakfast Connection
      • Business After Business
      • Women in Business
      • Young Professionals Happy Hour
    • Educational Events >
      • Chamber 101
      • Small Business Roundtable
  • Community
    • Arlington Restaurant Week
    • Employer Resources
    • Coupons
    • Job Board
    • Job Shadow Day
    • Travel
    • Foundation
    • Scholarship Fund
    • About Arlington >
      • Business Resources
      • Map of the Area
      • Visiting Arlington
  • Business Advocacy
    • Public Policy Positions
    • Arlington Advocacy >
      • Budget & Taxes
      • Planning
      • Project Support
      • Economic Development
      • Processes
      • Retail & Signage
      • Transportation
    • Virginia Advocacy >
      • Budget & Taxes
      • Transportation
      • Economic Development
      • Other Topics
    • Recent Advocacy
  • About the Chamber
    • 100th Anniversary
    • Board of Directors
    • Staff Directory
    • Chamber In The News
    • Strategic Plan
    • FAQs
    • Publications >
      • Publications (2011 - 2024)
    • Press Releases
    • Contact Us

ChAmber Blog

So What If I Get Hacked?

7/25/2018

0 Comments

 
Picture
By J. Clemonts Junior, Owner, Technificent Solutions LLC

If you've read any of my previous articles for the Chamber blog (or seen me on Twitter, or in person at a presentation in Arlington, DC, or Hyattsville), there’s no doubt that you’ve heard me urge you to take your company's cybersecurity more seriously. But let's be honest, most of this technology stuff is hard to understand, which makes it hard for you to want to do anything about it kind of like doing your taxes. "I'm no one important. Nobody wants to hack my company," you mistakenly believe. I recently had a conversation with another Arlington business owner who said something along those lines. She then added, "So what if I get hacked?"

"So what if I get hacked?" Business owners say it so nonchalantly. And their answer usually goes: "I'll file for bankruptcy and close the business. I'm an LLC so my personal assets are safe. I'll start another company the next day and pick back up right where I left off." That line of thinking may bring you comfort, since it sounds good on paper. However, this simply means that you haven't thought about this long enough to see how terrible this plan is. A variety of things that happen when a company is the victim of cyber crime. Not surprisingly, none of them are positive.

The most immediate thing to happen is that the business has its revenue-generating ability halted. The lifeblood of every business is the money it makes. When a business stops making money, it starts dying. According to the Ponemon Institute, the average cyberattack costs a business upwards of $690,000! Typically the victim of a cyber attack is out of commission for an average of six days. Most businesses can't afford to not make money for this long, which is why 66 percent of businesses ultimately go out of business after a cyberattack. Cybersecurity is a high-stakes game where your fist mistake can easily be your last. "So what if I get hacked" in this instance really means, "So what if I lose my business?" Are you really willing to gamble with your business?

It can be argued that the biggest loss a business faces after a cybersecurity incident isn't a drop in its profits, but a blow to its reputation. According to Inc., almost half of business that suffer a breach lose one-fifth of their customer base. And the damage doesn't stop there. Over 20 percent of breached organizations lose out on prominent future business opportunities. This stems from the fact that your customers, whether they're consumers or other businesses, don't want to do business with companies that don’t take the protection of their customers' data seriously. Your company will still be paying the price well into the future for mistakes you don't know you're making today. "So what if I get hacked" in this sense really means, "So what is my company's reputation worth to me?"

I'll level with you: a lot of this technology stuff is really confusing. The good news is that no one expects you to figure it out on your own. If you're not sure where to start, contact a professional. If you want to be taken seriously, you have to take your company's cybersecurity seriously. The bad guys have to be lucky every time, but professionals make it so you don't have to be lucky at all.​
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    The mission of the Arlington Chamber of Commerce is to strengthen businesses and the economic environment for those who work, live and do business in Arlington.
    Picture
    Contribute to the blog!
    Educate the Chamber membership and Arlington business community by writing a post for our blog! To get started download the blog guidelines and blog template. For questions and more information, contact the Communications Manager.

    Archives

    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013
    July 2013
    June 2013
    May 2013
    April 2013

    RSS Feed

© Copyright 2025 Arlington Chamber of Commerce. All rights reserved.
2009 14th Street, North  | Suite 100 | Arlington, VA 22201 | Directions
Tel (703) 525-2400 | [email protected]
MemberClicks
Subscribe to our Mailing List
Home | ​Join Now | Site Map