Cybersecurity Attacks By The Numbers

The cybersecurity landscape is growing increasingly costly and it’s only projected to get worse. As more connected devices and employees enter your company, your exposure and risk will continue to grow. It’s not just technology that can expose your sensitive information, it could be human error from your workers. Despite increasing risks and losses, businesses continue to show they are not prepared for an attack.

Statistics for the Current Cybersecurity Attack Landscape in 2017:

$41,000 | The average loss per cyber attack to a small business.*

53% | The percentage of businesses that are ill prepared for a cyber attack.*

95% | The percentage of security incidents that involve human error.**

200 days | The average number of days hackers spend in systems before being detected.***

19% | The percentage of small businesses that changed nothing after a cyber attack.*

30% | The percentage of businesses that qualified as expert in overall cyber readiness.*

64% | The percentage of businesses considered “experts” who had cybersecurity insurance (only 28% of novices did).*

What is Cybersecurity Insurance and What Does it Cover?

Now more than ever it’s important to make sure your business is protected from a devastating cyber attack. Cybersecurity insurance is insurance coverage for liability that arises out of unauthorized use of, or unauthorized access to, electronic data or software within your network or business. Cyber liability insurance can fill the coverage gaps in Commercial General Liability (CGL) policies to cover data breaches from intentional actions, including hacking, employee theft, theft of equipment, and deception or misrepresentation to obtain unauthorized data.

Speak with our team of cybersecurity insurance specialists today and see where your business could be exposed.

Are Your Workers a Cybersecurity Threat To Your Business?

_{*The Hiscox Cyber Readiness Report 2017, Hiscox
**The Role of Human Error in Successful Security Attacks, Security Intelligence
***Hackers Spend 200+ Days Inside Systems Before Discovery, Infosecurity Magazine}