The Average Data Breach Now Costs $4.88 Million – How Much Would It Cost You?

You don't have to be a big corporation to suffer a major cyberattack. In fact, small senior living communities in places like Colorado Springs, CO are now prime targets for cybercriminals.

Why? Because they're easier to get into - and more likely to pay up.

And while a Fortune 500 company might be able to eat the cost of a breach, most small businesses can't.

According to IBM's Cost Of A Data Breach Report 2024, the average cost of a data breach is $4.88 million. That includes downtime, lost trust from residents and families, legal fees, ransom payments and the hit to your reputation.

It's enough to shut down a community. But it doesn't have to go that far.

But here's the good news: There's a new tool that's helping businesses like yours catch cyberattacks before they do damage, and it's changing the game.

A Smarter Way To Stay Safe

There's a new tool that's helping senior living communities like yours spot cyberattacks before they do damage—and it's a game changer.

This tool is called endpoint detection and response (or EDR, for short). You don't need to remember the name - you just need to know what it does.

Think of it like a digital security guard that's always on duty.

While traditional antivirus software only blocks known threats, EDR watches everything happening on your work computers - every login, every file change, every strange behavior. If something suspicious starts happening (like ransomware trying to spread or someone logging in from a strange location), EDR steps in and shuts it down.

No waiting for a help desk ticket. No praying the router reboot works. Just action.

Why It Matters More Now Than Ever

Cybercriminals aren't using the same old tricks anymore. They're getting smarter, faster and sneakier. They don't just try to break in. Now they log in using stolen credentials. They disguise malware as everyday files.

And in a senior living facility, one mistake—one click—can spiral into disaster:

• Residents' personal health data exposed

• Compliance violations that trigger state audits

• Families threatening lawsuits

• Negative online reviews that tank occupancy

EDR helps you catch these threats before they become headlines.

Not Just Smart - Sometimes Required

Here's something many business owners don't know: Cyber insurance providers are starting to require tools like EDR. If you don't have it in place, your insurance might not cover a breach. It's like trying to file a fire claim without having a smoke detector installed.

Is Your Colorado Springs Facility Protected?

If you're not sure, that's okay. That's why we're here.

At Tech for Senior Living, we specialize in protecting senior care communities across Colorado Springs, CO with tools like EDR, 24/7 local support, and compliance baked in. No jargon. No lectures. Just clear answers and fast support from our on-site Cisco-certified team.

Let's run a quick cybersecurity check-up. No pressure. Just peace of mind.

Ready to see if your facility could survive a $4.88 million breach? Let's not find out the hard way.
Click here or give us a call at 719-510-5869 to schedule a free walkthrough with our team today.

Because "better safe than sorry" means something different when residents' care—and your community—are on the line.