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:
JP Morgan Chase 76,000,000
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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