Insights

Cybersecurity Insurance, Why You Need It and What You Need to Know Before You Get It

Don Kark, Executive Vice President – Cybersecurity – October 26, 2019

$3.92 million. That’s the cost of an average data breach in 2019, according to IBM’s Cost of a Data Breach Study. For small businesses, those with less than 500 employees, the cost of successful cyberattack is particularly chilling. For these types of organizations, a breach can cost more than $2.5 million on average. So, for any leader who believes his or her organization is too small to be a target, that’s not true anymore…for anyone.

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