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Why Every Business Should Have Cyber Liability Insurance

February 15, 2017

With the average cost of a data breach involving less than 10,000 records being approximately $5,000,000, now is a good time to think about purchasing Cyber Liability insurance while rates are still low.  Below are some examples of records being affected by data breaches:

 

Anthem 80,000,000

JP Morgan Chase 76,000,000

Yahoo 500,000,000

Adobe 36,000,000

LinkedIn 117,000,000

 

Costs of a data breach can be quite catastrophic but you can act now to prevent the potential damage to your company.

 

It takes less than 5 minutes for me to quote most businesses (subject to approval) with an admitted insurance carrier.

 

 

 

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