Private Schools Access Cyber Liability Insurance High Deductibles
Real-World Examples and Statistics
The cost of a data breach in the education sector averages around $3.9 million, according to IBM's 2021 Cost of a Data Breach Report1. With such high potential costs, the importance of comprehensive cyber liability insurance becomes evident. Additionally, a study by the Ponemon Institute found that organizations with incident response teams and extensive testing of their incident response plans experienced $2 million less in data breach costs2.