Cyber losses are real and the costs of these claims are mounting as hackers become more sophisticated and the reporting requirements increase.
According to the NetDiligence Data Breach Cost Calculator, here are some estimated claims costs for various types of cyber attacks:
- HR Files Breached – $2.8 million
- Stolen Papers – $1.7 million
- Retail Credit Card Hack – $5.9 million
- Denial of Service | Bank Account Hack – $2.8 million
- Lost Laptop – $3.1 million
Every company has some sort of exposure to cyber attacks these days. The professionals at Overmyer Hall Associates can help you identify these exposures and craft an insurance and risk management program to address these exposures. Contact Us today for more details.
For more information on the details of these claim scenarios, please visit Travelers Insurance’s website. They offer the Travelers eRisk Hub to all their insureds, which includes access to the Data Breach Cost calculator as well as tools, tips and Best Practices information to help you reduce your exposure to cyber attacks.
About Overmyer Hall Associates
Overmyer Hall Associates is one of the fastest growing agencies in the country, quickly becoming one of the largest property and casualty insurance agencies in Central Ohio. Overmyer Hall Associates provides clients with insurance and risk management, specializing in Business Insurance, Surety Bonding, and Home & Auto Insurance. Since its founding in 2011, the firm has been awarded Columbus Business First’s "Fast 50" and "Best Places to Work" awards, the IIABA’s “Best Practices Agency” recognition, Columbus CEO Magazine’s “Best Insurance Broker” and the Columbus Young Professionals Club’s “Wonderful Workplace for Young Professionals” award. www.oh-ins.com