Expired certificates cost businesses $15 million per outage

The average global 5,000 company spends about $15 million to recover from the loss of business due to a certificate outage — and faces another $25 million in potential compliance impact.

These estimates, based on a Ponemon survey of about 2,400 global respondents, include remediation costs, loss of productivity, lost revenues, and brand image damage.

This past April, for example, Instagram forgot to renew its security certificate, causing security warnings to pop up for its website visitors.

Also this past spring, smart home company Wink Inc., had to recall its $50 Wink Hubs because of an expired certificate.

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