Boonbox
Pacific Coast Information Systems
700-1112 Pender Street West
Vancouver, BC V6E 2S1 Canada
+1 (604) 844-7558
www.boonbox.net
For Immediate Release
Companies that Invest in Web Security Can Finally Measure ROI
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 Boonbox – www.boonbox.net
Boonbox, a division of PCIS, was created in 2007. Boonbox specializes in productivity solutions that deliver immediate results in support of business challenges. Partnered with world-class, market leading technology vendors, Boonbox enables mid-sized companies to address security, compliance and data integrity issues.
About PCIS – www.pcis.com
Pacific Coast Information Systems (PCIS) Ltd. is a full-service technology and consulting firm based in Vancouver. Founded in 1995 as a technology company providing application development and support, PCIS’s core business today is to provide technical assessment & services, business analysis, and I.T. project management. PCIS has proven expertise in networking, security, application development, portals and compliance.
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Media Contacts:
Karen Chiang Jonathon Narvey
Boonbox Program Manager PCIS Boonbox Communications
Phone: +1 (604) 844-7558 Phone: +1 (604) 844-7558