The high cost of data breaches for companies is outlined. In 2015, the average cost of a data breach in the US was $6.5 million, a 10% increase over 2014. Small business cyber attacks nearly doubled from 2011 to 2014. The healthcare and financial services sectors experience the most breaches, with hacking and stolen devices being the most common causes of data loss. Stringent laws and regulations, advances in technology, global outsourcing, and user error all contribute to why companies need cyber liability and security protection.

1. The high cost of data breach Data breach
by the numbers
1
Ponemon Institute, LLC – “ Annual Study: Cost of a Data Breach” - 2015, 2
Symantec. Internet Security Threat Report 2015,
3
NetDiligence® 2015 – Study of Cyber Claims, 4
Risk Based Security 2015 Data breach Quick View Report
Cybersecurity
Are you protected from potential network and privacy exposures? Any business that uses technology
to collect confidential customer information needs to know the facts – and risks – associated with
data breach liability and not having proper Network Security/Privacy/Cyber Protection.
Widespread risk
3,930 reported breach
incidents in 20154
736M records
exposed4
Healthcare
$398
Services
$219
Industrial
$190
Financial
$259
Cost per compromised customer record1
$6.5M
2015 average cost
of data breach paid
by U.S. companies
(10% increase over 2014)1
22% of data
breaches in 2014
were due to
employee or owner
accidental
release of
private data
Small business
cyber-attacks
nearly doubled
from 2011 to 2014
from 18% to 34%2
The two most
frequently breached
sectors are
Healthcare (21%)
and Financial
Services (17%)3
Hacking is now the
highest cause of
data loss (31%)3
,
followed by stolen
laptops or other
e-devices (10%)
What Every Business
Needs to Know
4 REASONS
Stringent laws/regulations
Failure to comply with legal & regulatory
obligations places the success and
reputation of your business at great risk.
1
Advances in technology
Today’s technology makes safeguarding
your business against privacy breach
more important than ever.
2
Global outsourcing
Privacy risks don’t end at corporate firewalls.
Your company is responsible for any breach
(including outside contractors).
3
User Error4
Copying medical records to the
wrong email address, putting
personally identifiable information
on public mailing labels, losing data
storage tapes/flash drives or
forgetting to properly secure or
shred confidential information can
lead to a data breach as well.
Why you need Cyber
Liability/Security
protection in 2016