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We have seen and heard a lot about cyberattacks and breaches in cybersecurity over the last few months which have had the power to disrupt, destroy and damage businesses, communities and lives. As cybercriminals become much more sophisticated, it has become more important than ever to ensure your business has the right security in place.
Cyberattacks can lead to identity theft, loss of sensitive information, temporary business outages, loss of custom and in extreme cases, cause businesses to close completely.
According to IBM’s latest ‘Cost of a Data Breach’ report, the average cost of a data breach jumped to $4.88 million from $4.45 million in 2023 – a 10% spike and the highest increase since the pandemic, and the number of organisations paying more than $50,000 in regulatory fines as a result of a data breach rose 22.7%over the previous year.
We understand that cyber security is a crucial requirement, but we also know that it can come with a large upfront investment, something that many businesses don't often budget for.
Having a comprehensive cybersecurity strategy can help protect your business’s IT infrastructure against cyberthreats and cybercrime. Some of the most important cybersecurity domains include:
Being able to spread the cost of your cyber security investments over time and at a fixed cost helps you to manage and plan your budget more effectively. Rather than paying out one large upfront cost and dipping into cash reserves, paying over time ensures you can maintain capital for use in other important resources, including improved cashflow management.
A primary benefit of leasing your cyber security infrastructure is the ability to stay up to date with technological advancements. With cybersecurity software evolving rapidly to keep up with the needs of business across the globe, new software with better performance is often being released – leasing your software allows you to update it whenever you’re ready, without the need for frequent, large capital expenditures.
Over-reliance on your primary funder (for example, your bank)can be a risky financial strategy. Working with a broker such as Bluestone gives you access to a large panel of funders, increasing your available credit lines and spreading your risk.
Where required, a bespoke payment structure that suits your business requirements can be put in place, for example, setting repayments to coincide with seasonal fluctuations in income.
Bluestone can finance your cyber security infrastructure on a fixed term lease which simply terminates at the end of the term, without any requirement to get in touch and manually terminate the agreement.
Unlike non-specialists, Bluestone has access to a range of funders and can help find the best solution for your business. In addition to physical licenses and contracts or assets, Bluestone can also arrange finance for wholly hosted or cloud-based solutions.
Want to offer your customers the option to finance their purchases, or considering a new finance partner for your business? By partnering with Bluestone as a trusted finance provider, you can:
If you are interested in offering your customers the option to spread their costs overtime through Bluestone, simply complete the form below. We'll be in touch soon to learn more about your business, your growth plans, and your customers.
As an independent, award-winning team of finance professionals with more than 27 years of experience behind us, we take pride in our consultative approach when providing finance that maximises your business’ potential.
If you would like to book a no-obligation call or meeting to discuss how Bluestone could support you, complete the form below. Our team will be in touch ASAP.
Last updated: August 2024. Version: BS.202406.01BL96
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