Cyber Liability
Cyber Breach Cost Calculator
The average cost of a data breach in the United States has risen to $8.2 million dollars, more than twice the global average. To see what a cyber breach could cost your organization, try our breach cost calculator.
Not If But When
At least one-third of U.S. businesses have been hacked or have experienced some sort of breach of sensitive data such as Protected Health Information (PHI) or Personally Identifiable Information (PII).
You are Exposed
This isn’t simply a random accident. Loss due to an “accident” is a basic tenet or requirement for insurance coverage to be available. We are being attacked, and our enemies are very good at what they do. The reality is, you’re probably more likely to experience a cyberattack than to have your building burn down.
We've Been There
The good news is that the insurance markets have come a long way in their cyber insurance offerings. Coverage is extremely broad. Cost for cyber policies continues to decrease. Insurers are getting experienced at coordinating and paying for breach responses for insureds.
Ask the Experts
With Mike Roman
We have experience with placing cyber coverage and coordinating the insurance response for organizations as large and complex as Fortune 1000 publicly traded companies and as small as a local landscaping firm.
Meet Our Cyber Wizard:
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Mike Roman
For more than 15 years, Fortune 1000 publicly traded and privately held companies have trusted Mike with their comprehensive risk management programs and relied on his deep technical expertise in Cyber and Management Liability, including Professional Liability and Director’s & Officer’s (D&O) insurance.
Mike now champions these specialty practices for Alabama’s small-to-midsize businesses for Valent Group, an independent risk consulting firm and division of ESBCO Industries, Inc., one of the largest privately held companies in Alabama with a global footprint. Before joining Valent Group, Mike worked as senior vice president and client advocate at the third largest insurance brokerage in the world, where he spent nearly 14 years.
Cyber Breach: How vulnerable is your company?
The probability your company could be breached is higher than you think. Take our 2-minute cyber risk assessment to see your Risk-O-Meter.
FROM THE BLOG
Cyber Insights
5 Ways Your Company Should Be Addressing Mobile Device Security
Securing Your Company’s Mobile Devices Because of the convenience they offer, smartphones and tablet devices have become a constant presence in the modern business world. As usage soars, it becomes increasingly important to take steps to protect your company from...
Do You Have the Right Cyber Risk Plan?
It was a typical Tuesday morning at a 250-employee non-profit organization. The business, like many others, relied heavily on computer systems in almost everything they did, so they had taken some basic precautions against cyber crime. But instead of just...
Cyber Risk: How Safe is Your Business?
Are you protected from cyber crime? According to the FBI and the Department of Justice, cyber-crime is on the rise among American businesses, and the multitude of devious criminal practices—phishing, key logging, viruses, Trojans, spyware, and spam—is costing...
Don’t miss S.S. Nesbitt’s Cyber Risk Webinar 2/17
As part of our Nesbitt Educational Discussion (NED) programming, our expert panel will explore the ins and outs of cyber risk and what your business needs to know going into 2016. Considering that Symantec reports over 1 million victims of cyber crimes daily, your...