Steal Savings With Cyber Insurance For Food Manufacturers
Cost Considerations and Potential Savings
The cost of cyber insurance can vary based on factors like the size of your business, the level of coverage, and your existing cybersecurity measures. On average, premiums for small to medium-sized enterprises range from $1,000 to $7,500 annually1. While this may seem like an additional expense, the potential savings in the event of a cyber incident are substantial. For example, the average cost of a data breach in 2023 was $4.45 million2, making insurance a wise investment for risk mitigation.