The most recent Ponemon Institute study estimated the cost of a Data Breach at $154 per record compromised. Even with a modest customer list the cost exposure for your business can quickly reach six-figure totals.
The frequency of Data Breach events is increasing every year. Most IT security experts indicate that it’s not a matter of if your business will experience one – it’s a matter of when. Surviving the potentially catastrophic cost of a breach is a matter of proper planning, maintaining data security best practices, and ensuring that you have the right Cyber Liability policy in place for the worst case scenario.
Despite every statistic to the contrary the current reality is that many business owners still see cyber crime as only a very remote possibility or something that only happens to giant corporations. They don’t realize how frequent this type of crime is, or that the resulting loss is typically not covered under a General Liability policy. Don’t let your business become a statistic! We can help you identify your exposure and secure affordable cyber liability coverage today.