With data loss affecting companies every second and estimated to cost businesses $265 billion by 2031, it’s not surprising that distributors are offering buyers the most recent type of warranty which is the cybersecurity guarantee. These warranties are designed to minimize the economic risks associated with cyberattacks and remove the responsibility of the vendor, often filling the gaps where insurance might not cover a damage.

However, just like any other warranty however, not all cybersecurity warranties are all created equal. Certain warranties come with strict conditions that could lead to your business paying a large price towards information being returned, especially when you’re not aware of the specifics. For instance: most technology warranties restrict payments according to the amount the vendor spent on their solution. This isn’t a good thing as the value of one record in Cohesity FortKnox may be more than the license costs paid to a technology vendor.

This is a major red flag as the cost of lost productivity of employees can be higher than the total amount of time the software was in use during the period. This is a big red flag because the cost of lost employee productivity could be more expensive than the total amount of time that the software was used during the period. By incorporating representations and warranties that focus on the legal handling of data to the most distant division of a company can minimize the risk associated with M&A deals.

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