Skyrocket Security With Cyber Insurance For PCI Merchants
Real-World Examples and Statistics
The importance of cyber insurance is underscored by real-world incidents. For instance, the global average cost of a data breach in 2023 was $4.45 million, a figure that can devastate unprotected businesses7. Additionally, 60% of small businesses that suffer a cyberattack go out of business within six months, highlighting the critical role of insurance in business continuity8.