2016 Cyber Claims Study

By NetDiligence

November 1, 2016

Introduction

This study provides comprehensive analysis to date of claims data reported from Insurers on losses sustained from data breaches and other kinds of cyber events.

This report includes informative numerical and graphical descriptions of the types of data exposed, causes of loss, business sectors involved, sizes of affected organizations, insider involvement, and third party involvement. We have also included several new analyses:

  • Cloud involvement
  • Cyber extortion/Ransomware
  • Phishing
  • Phishing and Wire Transfer Fraud
  • POS-Related/ Common Point of Purchase/CPP investigations

Additionally, you will see costs associated with Crisis Services, (forensics, notification, credit/ID monitoring, legal counsel and miscellaneous other), Legal Damages (defense and settlement), Regulatory Action (defense and settlement) and PCI fines.

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