It’s no surprise that more distributors provide buyers the latest warranties security assurance. Data loss is projected to cost businesses $265 billion in 2031. These warranties are designed to minimize the economic risks of cyberattacks, and shift liability to the vendor. They often fill in the gaps that insurance companies leave.

However, just like any other warranty that are offered, not all cybersecurity guarantees are made equal. Some warranties have rigid conditions that could cost your company lots of money when you don’t know the fine print. The majority of warranties for technology, like, limit payment based upon how much the provider invested in their solution. This isn’t very helpful as the value of one particular record in Cohesity FortKnox may be more than the license costs paid to a technology vendor.

This is a red flag as the cost of losing productivity of employees could be higher than the total amount of time that the software was utilized during the period. This is a signal because the cost of lost productivity by employees could be more expensive than the total amount of time the software was used during the period. Including representations and warranties which focus on the legal processing of data up to the most distant department of a company could reduce costly risk during M&A deals.

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