Insurer Allianz Global Corporate & Specialty offers caluclated predictions about cyber security and insurance policies:
- Cyber security costs the US $108 billion/year
- By 2025, cyber security insurance will be a $20 billion in annual premiums globally
- In 2015, annual cyber insurance premiums are $2 Billion globally
- 70% of breaches occur in restaurants
- To recoup losses after a hack, companies should count on $200 per record that gets compromised.
North Bay Business Journal: As data breaches grow, so does cyber liability insurance