Click for a Free Quote on Cyber Liability for your Business
The fact is that cyber security threats can result in significant out-of-pocket and reputational costs to a company. For example, did you know that many states now require companies to notify all of their customers if a breach is even suspected and to take necessary steps to correct the situation — a cost estimated at up to $30 or more per customer. Multiply these costs times your company’s total number of customers, and you’ll see how the financial cost can wreak havoc with your bottom line to say nothing of the effect it will have on your customers' trust and confidence in your company.