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News

Does Your Firm Understand The Importance of Cyber Liability Insurance?

Posted on Thursday, July 20, 2017 at 10:41 AM

Did you know the estimated cost of a data breach is $201 per compromised record?  A 2016 study, by the Ponemon Institute, uncovered the direct costs of a cyber-attack,  (IT Forensics, hiring law firm, notification expenses, public relations etc.) is $201 per file.  If you think “this will never happen to my business”, you may want to consider the WannaCry ransomeware incident in May 2017.  The WannaCry ransomware attack affected more than 100,000 businesses in more than 150 countries.

 

A Cyber Liability Insurance quote is free. So call HMM's commercial insurance team today to ensure your protected against this type of cyber-attack.

     


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