It’s no surprise that more distributors are offering customers the most recent warranty security assurance. Data loss is predicted to cost businesses $265 billion in 2031. These warranties are designed to mitigate the financial risk of cyberattacks, and shift liability to the seller. They usually fill in the gaps that insurance companies leave.
Nevertheless there are many different warranties for cybersecurity are the same. Certain warranties come with strict terms that can cost your company many dollars if you don’t study the fine details. For instance, the majority of technology warranties limit payment according to the amount the provider invested in their solution. This isn’t a good idea since the value of a single record in your Cohesity FortKnox might be much greater than the total amount spent on license costs with a particular technology vendor.
This is a big red flag because the cost of lost productivity of employees can be more expensive than the total amount of time the software was utilized during the time. This is a red flag, as the cost of lost productivity of employees could be significantly higher than the time they spent using the software during that period. The incorporation of representations and warranties that focus on the legal handling of data down to the most distant division of a company can minimize the risk associated with M&A deals.
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