Common Cyber Claims
Real-world cyber insurance claims.
Ransomware Attack
35% of claims
$275,000 avg
Attackers encrypted all servers. $250K ransom + $500K recovery costs + 2 weeks downtime.
Business Email Compromise
25% of claims
$125,000 avg
CFO received spoofed email from 'CEO' authorizing wire transfer to fraudulent account.
Data Breach
20% of claims
$200,000 avg
Customer PII exposed. Required notification, credit monitoring, forensics, and PR.
Funds Transfer Fraud
10% of claims
$175,000 avg
Social engineering attack convinced employee to change vendor payment instructions.
Business Interruption
5% of claims
$150,000 avg
Systems down for 10 days after attack. Lost revenue and extra expenses to recover.
Regulatory Investigation
5% of claims
$100,000 avg
State AG investigation after breach. Legal fees, response costs, potential fines.
Average Breach Cost: $4.45M
For large enterprises. SMB average is $120,000. 60% of SMBs go out of business within 6 months of a major breach.