Because your company is at risk financially. When your system is breached and/or your information is no longer secure, the resulting costs are tremendous!
- Notification Costs - these expenses mount quickly!
- There are both legal and ethical obligations to inform your customers and the public that their information is at risk
- It costs approximately $200/customer record for proper notification
- With only 500 records, you're already spending upwards of $100,000!
- Forensic Costs
- You must investigate to determine how much damage was done
- Specialists are costly
- Business Interruption
- If your computer systems are crippled, so too is your business
- Revenues are lost forever
- Credit Protection
- In a cyber information breach, your company will be financially liable for the credit monitoring services your customers will require
- Crisis Management expenses
- Fees for public relations to reestablish your business' name and reputation as a credible and reliable institution
- Cyber Extortion
- When a hacker holds your information hostage, you may have to pay to get it back
- The ransom could cost hundreds of thousands - even into the millions
If a cyber disaster struck today, would your company be to underwrite these expenses out-of-pocket?
Specialized insurance through Cyber Risk Solutions can save your company from financial ruin.
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Or call us toll free at 1-800-406-0042 ext. 606
Just ask for "Nickel."
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A division of H.U. Dove & Company, Inc.
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