Cyber Liability/Data Breach

Cyber Liability/Data Breach  

Overview

Cyber security and information protection can be challenging for any company. Cybercrime is expensive, costing victimized organizations about $11.7 million each per year — up 62% from five years ago.

 

Staff members may unknowingly put the business at risk, as 89% of data loss incidents involve authorized users. Phishing and social engineering schemes are becoming more sophisticated to appear like legitimate messages and encourage recipients to click on a malicious link or download virus-laden files.

 

The harm done by a breach is extensive, putting untold dents in customer perceptions and loyalty. Many businesses don’t know how vulnerable they are until it is too late. You want cyber liability/data breach coverage in place because quick action is critical if your business is victimized by a cyber attack.

What coverage is right for your business?

A Marsh account manager will help assess your business and recommend solutions for new and emerging risks you may face.

FAQs

  • Who needs this coverage?

    Any business who does any of the following is at risk for a cyber attack:

     

    • Accepts credit cards.
    • Handles or views private information of employees or customers electronically.
    • Has Wi-Fi.
    • Conducts a portion of their business online.