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The average cost of a U.S. data breach, as reported by IBM Security, is nearly $10 million. As 80% of organizations reported at least one incident in 2022, the importance of addressing this issue can’t be underestimated. Given that October is National Cybersecurity Awareness Month, it’s an opportune time to prioritize the protection of company data, safeguard customer personal information and ensure employee privacy. It is important to remember that no organization is immune to the impact of cybercrime. As a result, cyber liability insurance has become an essential component of any risk management program. Use this CBIZ Cyber Risk Exposure Scorecard to help understand your organization’s risk level. |
