Protect Profit Margins with Cyber Insurance for Manufacturing
The Financial Impact of Cyber Attacks
The financial repercussions of a cyber attack can be devastating. According to a 2022 report by IBM, the average cost of a data breach in the manufacturing industry was approximately $4.24 million1. This figure includes direct costs like lost business and regulatory fines, as well as indirect costs such as reputation damage and customer churn. By investing in cyber insurance, manufacturers can mitigate these risks and protect their bottom line.