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2014 NetDiligence Cyber Claims Study

See What a Data Breach May Actually Cost You

Gain insight into the costs associated with Notification, Credit Monitoring, and other important crisis services.

This study summarizes findings for 117 data breach cyber liability insurance claims, and examines the type of data exposed, the cause of loss, the business sector in which the incident occurred and the size of the affected organization. Some insights include:

  • 1 Breach claims studied range from $600 to almost $6.5 million
  • 2 Median claim payout was $144,000
  • 3 Average cost for crisis services (forensics, notification, identity protection, legal) was $366,484

“The fourth annual NetDiligence® Cyber Claims Study uses actual cyber liability insurance reported claims to illuminate the real costs of incidents from an insurer’s perspective.”

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