Can you risk NOT having Cyber Insurance Coverage?
Do You Know What a Data Breach Could Cost You?
Hint: It could be everything
WARNING The Results May Shock You
Sure, you might know that there are “some” monetary repercussions of suffering a data breach, like the costs associated with notifying the individuals involved, but what about the rest? Rely on word of mouth or referrals? Customers may not be so quick to refer a company that compromised their data.
- Exploitation: From paying the ransom to access your files or finding out you've experienced fraudulent wire transfers.
- Fines & Penalties: Federal, State, and PCI can all impose fines and penalties on an organization when a security incident occurs.
- Crisis Management: Financial damage is bad, but reputational damage is devastating. Gaining back lost trust is a hard pill to swallow.
Small and Medium-Sized Businesses at Risk
SMBs account for 43% of data breaches.
Lack of time, resources and education are three major factors that put small to medium-sized businesses (SMBs) at risk.
2019 Data Breach Investigations Report
83% of SMBs lack the funds to recover.
What’s worse? A quarter of those who can’t afford it didn’t even realize there would be any recovery costs involved.
2018 InsuranceBee Cybercrime Survey
How to Calculate Your Cost
Enter the number of customers’ data you have access to and choose between three types of data breaches:
- Payment Card Industry (PCI) How much could a breach of credit card information cost you?
- Protected Health Information (PHI) How much could losing patient data cost you?
- Personally Identifiable Information (PII) How much could losing Social Security numbers or email addresses cost?
Press “Calculate” to see what a breach could cost you! Hover over any of the associated costs to learn more.
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