Did You Know...
60 percent of small-to-medium businesses that suffer a data breach go out of business within 6 months after the incident has occurred.
40% of all targeted cyber-attacks are aimed at companies with less than 500 employees.
The Federal Trade Commission estimates that the average time spent resolving a single incident of identity theft is 400 hours.
On average, businesses incur costs of nearly $200 per record, when affected by a breach of confidential information.
Exclusions commonly found in General Liability, Crime, Professional, Directors & Officers and Property policies prevent coverage for cyber claims, or at best create gaps in coverage.
The black market includes credentials from more than 360 million accounts and around 1.25 billion email addresses.
Businesses that accept credit cards or debit cards are subject to fines and penalties for violations of the Payment Card Industry Data Security Standards (PCI DSS)
55 percent of U.S. small businesses (revenues below $10 million) have experienced at least 1 data breach involving electronic records (53 percent suffered multiple breaches)
Does Your Business...
Have a breach response plan in place?
Forensic expert on hand?
PR team to handle the fallout?
Failure of a business to comply with privacy laws may result in significant fines and penalties and the potential for claims/suits from third parties and employees.
Cyber Risk Assessment
This Cyber Risk Assessment will analyze your organization’s current level of preparedness in responding to cyber risk as compared to best practices.