When people think about cyber attack, they often think about large retailers, banks or health care companies, but some of the most recent attacks show the liability spreads down to vendors of those companies as well.
The most recent study conducted by the Ponemon Institute showed that the average cost of a cyber attack in the U.S. was $5.85 million or about $195 per record. About 60 to 70 percent of financial, health care and retail companies have some kind of cyber insurance. But if you look at…
When people think about cyber attack, they often think about large retailers, banks or health care companies, but some of the most recent attacks show the liability spreads down to vendors of those companies as well.
The most recent study conducted by the Ponemon Institute showed that the average cost of a cyber attack in the U.S. was $5.85 million or about $195 per record. About 60 to 70 percent of financial, health care and retail companies have some kind of cyber insurance. But if you look at…