RSM sponsored NetDiligence 2017 cyber claims study published
WHITE PAPER |
Using actual cyber liability insurance reported claims, the NetDiligence® 2017 cyber claims study highlights the real costs of incidents from an insurer’s perspective.
The study aims to help risk management professionals and insurance underwriters understand the true impact of data insecurity to illustrate the real costs and project future trends, and is based on consolidated claims data from various insurers.
As a sponsor of the study, RSM is pleased to share the findings of the study, with key impacts to the middle market highlighted below.
The study found:
- Cyber incidents are on the rise
- 47 per cent of claims originate from organizations with less than US$50 million, indicating these companies are most impacted
- Data types that can be easily monetized (payment cards, protected health information and personally identifiable information), are the main areas of concern