Hidden Costs of a Hacked Website

Feb 14, 2019

All websites, including those made with WordPress, are vulnerable to malicious threats such as hacking.

According to a recent survey, WordPress now powers over 30% of all websites, including Sony, Google, Facebook, Disney, LinkedIn, PlayStation, Mercedes-Benz, and more. Having companies of this magnitude using WordPress makes it a popular target for the hackers, the good news is the WordPress developers are constantly fixing security breaches and vulnerabilities and releasing these in the updated versions.

But you need to add these updates to your site.

At IH Media, we believe that taking reasonable precautions against having your website hacked is just as important as making sure you lock-up properly when leaving your business, home, or vehicle. Many business owners underestimate the real costs of a hacked website.

When your website gets hacked, it’s probably going to cost you a lot more than you might think to undo the damage that has been done. Let’s have a look at some of the major expenses you might find yourself having to pay when the dreaded hackers strike….

Data Breach

We’ve all heard recently about the General Data Protection Regulation (GDPR) and what it means to our businesses. So, if customer data or financial details are stolen by the hackers, you are going to be liable for any damages, fees, end expenses that are incurred by your clients as a result of the breach. These costs could, potentially, run into the tens or hundreds of thousands of pounds. Now that is scary for small businesses like us.

Getting Your Website Back

When a hacker gets into your website, they have complete access to everything on your site. In most cases the underlying code will become corrupt, and it’s possible that some or all your content will be lost if you don’t regularly backup your website.

Without regular backups, you run the risk of having to opt for a complete website replacement, which can be expensive and leave you without a functioning website for several weeks.

Credibility & Sales

As the saying goes “Once bitten, twice shy”. Once you have been successfully hacked, your customers will be very reluctant to give you their data in case it happens again. Being hacked will also affect your credibility for years to come, it takes a long time to rebuild that trust. In fact, it’s possible that a successful hack could damage your reputation to an extent that it puts you out of business

In the fast-changing world of software development, new is always better! By keeping your website updated regularly, you will benefit from improvements that will make your life easier, keep your website looking and working at its best and help to keep the hackers at bay.

At IH Media, we have Website Maintenance packages available that can be tailored to your business needs.