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Cybersecurity

Is a security upgrade worth it for a logistics company in Dubai?

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The prompt

A logistics company in Dubai reports in USD. Its security team estimates an 8 percent chance each year of a major ransomware attack that would stop operations, costing about USD 6 million. A package of controls (endpoint detection, multi-factor login for all staff, and offline backups) costs USD 200,000 a year. The team estimates it cuts the chance to 3 percent a year and, because recovery is faster, cuts the cost of an attack to USD 4 million. Is the package worth it on expected loss? (Figures are illustrative.)

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