Reveal Industry's Secret Cyber Liability Insurance Savings

Real-World Data and Examples

According to a recent report, the average cost of a data breach in 2023 was approximately $4.45 million¹. This staggering figure highlights the importance of having adequate cyber liability insurance. Furthermore, businesses that implemented strong security measures saw a reduction in breach costs by an average of $1.49 million¹.

Additionally, a survey by Cybersecurity Ventures predicts that by 2025, cybercrime will cost the world $10.5 trillion annually². These statistics underscore the necessity of cyber liability insurance as a critical line of defense against financial devastation.