Do You Know What a Data Breach Could Cost You?

Hint: It could be everything

WARNING : The Results May Shock You

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.

The worse part is, a quarter of those who can’t afford it didn’t even realize there would be any recovery costs involved. – ​2018 InsuranceBee Cybercrime Survey

Healthcare Organizations at Risk

67% of healthcare breaches were caused by negligence

Internal mistakes are causing twice as many breaches as external forces like hacking. The best way to prevent an incident is Education and preparation. – Oxford Academic Journal of Cybersecurity

Less than 6% of their budget is in cybersecurity

10% of healthcare organizations and their business associates lowered spending on security. Instead of modernizing to combat their threats, they’re ignoring the problem. – CyberPolicy, Identify Experts Corp

 

Why Do I Need Cyber Security and Cyber Insurance?

I’m a pretty small company, I think I can risk it.

We wish it was that easy! 64% of small to medium-sized businesses surveyed reported suffering a cyber attack. And worse part is, Less than 2% believe the attack had no impact on their business. Most common hurdles after an attack are Money, Time/Effort, and Data loss. –Underserved and Unprepared: The State of SMB Cyber Security in 2019

How do I know if I need cyber insurance?

Collect payment information online? Have a database of personal information? Digitally store employee information like Social Security numbers? Located in any of the 50 United States each with differing Breach Notification Laws? If you answered yes, then you should have a cyber insurance policy.

But I have business insurance…

Unfortunately, not all standard business insurance policies cover cyber events like data breaches, ransomware, and business email compromise, or the expenses associated with them. It’s important to understand what coverage is included in a cyber insurance policy so you can be sure to choose the one that best fits your business needs.

Proactive Prevention & Protection

It’s been proven that a comprehensive and continuous security education program can effectively reduce phishing click rates by up to 64%. With phishing being one of the top attack methods used by cybercriminals, investing in a phishing and education program has been shown to output a 37-fold Return on Investment. If a criminal does get through? That’s when one of our robust cyber insurance policies, covering up to $1M, comes in! – Ponemon Institute. “The Cost of Phishing & Value of Employee Training.”

Protect your business from going out of business

Don’t wait until it’s too late. Proper proactive measures can not only minimize your chances of experiencing a cybersecurity incident but if you do, can help cover the associated expenses. Contact us today to go over cyber-security and cyber insurance needs so we can help you establish a security program that fits your needs.
Step forward and Secure yourself

How to Calculate Data Breach 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.

Get this FREE Business Ebook Now – Ransomware Hostage: Securing Your Business Against Attack!

Ransomware is one of the most widespread and damaging threats that internet users face today. But what is Ransomware and why does it pose a threat to your business? Ransomware is a widespread and damaging type of malware, short for malicious software, typically used to extort money from businesses by encrypting the user’s files and preventing access to those files. Loss of access to critical files, followed by a demand for payment, can cause massive disruption to a company’s productivity and potentially affect its reputation.

  • Could your business be a victim of a Ransomware attack?
  • How does a Ransomware attack actually happen and what does it look like?
  • Can your company survive a Ransomware attack?
  • Learn the nine best security practices to protect your business!

Security Partners

Next-gen security with real-time intelligence sharing between your endpoints and firewall.

The industry’s fierce Security Operations Center — SOC-as-a-service — that makes every link in the security chain stronger.

The cybersecurity management solutions required to eliminate attack vectors and safeguard business data and services every day.