The Hidden Costs of Downtime in Finance (And How to Avoid Them)

In finance, even minutes of downtime can be costly. Beyond lost trades, outages erode client confidence and can attract regulator scrutiny.

A Ponemon Institute study found the average cost of IT downtime is more than £7,000 per minute for financial services firms (IBM Cost of a Data Breach Report).

The True Impact of Downtime

• Direct loss: Missed transactions, delayed trades, and penalties.

• Reputation damage: Trust is hard to regain after clients experience an outage.

• Compliance risk: FCA and PRA expect firms to maintain operational resilience.

Common Causes

• Ransomware or other cyberattacks

• Outdated IT infrastructure

• Poorly tested disaster recovery plans

How to Protect Your Firm

1. Test DR plans annually

2. Adopt cloud backup and recovery

3. Implement proactive monitoring to stop small issues becoming major outages

How Maple Helps

We provide managed IT services in London, with proactive monitoring, resilience planning, and recovery solutions tailored to finance. We don’t just react to downtime, we work to prevent it.

Downtime is expensive, but avoidable. With Maple, you gain resilience, compliance, and peace of mind.

Contact us here: https://www.mapletech.co.uk/contact/