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In today’s data-driven world organizations of all sizes have had a cyber attack or data breach and the average cost to rectify a breach has risen to $5.4 million.   Just one stolen laptop, one resourceful hacker, one virus or even one lost paper record can create enormous financial and reputational consequences for your business.

It’s not a question of if your organization will suffer a breach, but when.

Top 5 Reasons your organization needs Cyber Liability Insurance

1.  Data Breaches and cyber attacks are becoming more common and have increased 42% in the last year

2.  40% of all breaches have occurred in organizations of 1,000 or less employees, and 31% in organizations of fewer than 100 employees

3.  All industries are vulnerable to attack

4.  The average cost of a breach has risen to $5.4 million

5.  When an organization experiences a data breach, the costs associated with that breach average $188 per compromised record

 Call our office today to discuss this vital coverage!

 

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