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With data loss affecting a company every two seconds and predicted to cost businesses $265 billion by 2031, it’s not surprising that distributors are now providing customers with the most up-to-date kind of warranty which is the cybersecurity guarantee. These warranties are designed to mitigate the economic risk of cyberattacks and transfer liability to the vendor. They often fill in the gaps that insurance companies leave.

But, just like other type of warranty however, not all cybersecurity warranties are created equal. Some experience rigid stipulations that could lead to your business paying a significant amount for information being returned, especially when you’re not familiar with the details. For instance, most technology warranties limit payment according to the amount the vendor spent on their solution. This is not very helpful as the value of a particular record in Cohesity FortKnox may be more than the amount of license fees paid to a technology company.

This is a major warning because the cost of losing productivity from employees could be higher than the total amount of time the software was used during the period. This is a red flag, because the cost of lost productivity of employees could be significantly higher than the time spent using the software during the period. By incorporating representations and warranties that focus on the legal handling of data to the smallest department of a company could lower the risk of costly losses in M&A deals.