6 dire consequences that a website must suffer if it is hacked

It is a disaster for IT administrators and business owners if their website is attacked by hackers. Such an incident could cause your business to be devastated or even collapse. So what is the price to pay for a hacked website? How does it affect your business? Let's find the answer with TipsMake.com.

Consequences of being hacked

Besides the cost of fixing and repairing the website, there are many other unnamed costs that you have to pay if you are hacked. Here are the most common consequences:

1. Website repair costs

After being hacked, you will have to spend money on an external or internal development team to restore the website. The cost of this remediation is sometimes much greater than the cost of website security. Companies will often have to reduce budgets for security improvements and spending on repairs. Recovery costs are the first loss every company faces if attacked by hackers.

2. Loss of revenue due to shutdown

For an e-commerce company, the majority of revenue comes from their websites. The more people visit a website, the higher the conversion rate a company gets. And a high conversion rate corresponds to a valuable platform. When your website is unavailable for long periods of time, you may lose a large amount of expected revenue. The size of this loss depends on the period of downtime.

3. Data leak

Your website may contain important information, including customer information, business secrets. If hackers attack your website, they will access, leak or even delete those information. that data. Leaking or losing data can cause your business to close.

Of course, you are the one who has to pay for these damages. You may become a victim of a data ransom. To easily restore your data you should store it somewhere else. Don't just choose one storage or data recovery provider, at least choose two.

4. Blacklisted by Google

Google is always trying to make the internet a safe place for everyone. Google's bot system always tries to detect malicious code on every website. If they find malicious code, they'll label your site as "This site may be hacked" or "This site may harm your computer." Being blacklisted by Google is a disaster for any website. There's nothing worse than customers and partners seeing a "This site may harm your computer" label right below your brand.

The story doesn't end there. Google won't remove warning labels immediately after you fix the issue. Usually these labels are removed after a week or two. During that time, many users may stay away from your site because they see the warning label. Additionally, you could lose a lot of money due to reduced traffic.

5. Loss of loyal customers

A hacked website can cause your company's reputation to crumble. At that point, even your most loyal customers will no longer trust you.

6. Negative impact on marketing campaigns

Are you preparing for a big marketing campaign but get hacked and blacklisted by Google? This can absolutely happen and will definitely affect your business. You will have to postpone your marketing campaign or even cancel it.

A postponed marketing campaign will cause great financial damage as well as partner relationships.

How to protect your website from attacks?

To reduce threats, you need to improve your website security. You need to detect and fix vulnerabilities as soon as possible. Currently, more and more malicious code is being used to exploit website vulnerabilities.

Always remember that people are always the weakest link in security. Therefore, always ensure that your IT staff follows proper security procedures. Certainly, the amount of money you spend on security procedures will always be smaller than the cost you have to pay to repair the damage.

Take action

A hacked website will cause extremely serious consequences both financially and reputationally. Sometimes the price to pay for a hack is so big that you can't imagine.

According to statistics, every minute in the world, a website is attacked. Vietnam ranks 19th among countries with the most hacked websites. Prevention is better than cure, so companies should invest in security as soon as possible.