It’s not a surprise that more distributors offer buyers the latest warranties that includes cybersecurity. Data loss is predicted to cost businesses $265 billion in 2031. These warranties are designed to reduce the economic risk of cyberattacks and transfer liability to the vendor. They typically fill the gaps left by insurance.
Nevertheless it is true that not all warranties for cybersecurity are created equal. Certain warranties have strict conditions which could cost your business lots of money if you don’t study the fine print. Most warranties for technology, like have a limit on the amount of money you pay based on how much the vendor has invested in their product. This isn’t very helpful, as the value of a particular record in Cohesity FortKnox may be more than the cost of a license to a technology company.
This is a red flag because the cost of losing productivity of employees can be more expensive than the total amount of time the software was in use during the period. This is a signal because the cost of lost employee productivity could be more expensive than the total amount of time that the software was used for that period. The incorporation of representations and warranties that focus on the legal processing of data up to the smallest division of a company can minimize the risk associated with M&A deals.
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