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As of 2019, the average cost of cyber liability insurance in the United States was estimated to be $1,501 per year for $1 million in liability coverage, with a $10,000 deductible. [54] The average annual premium for a cyber liability limit of $500,000 with a $5,000 deductible was $1,146, and the average annual premium for a cyber liability ...
Insurance administrative services company Landmark Admin reported that a data breach from a May cyberattack affected over 800,000 people. Massive data breach exposes 800,000 insurance customers ...
In 2016, researcher Sasha Romanosky estimated that while the mean breach cost around the targeted firm $5 million, this figure was inflated by a few highly expensive breaches, and the typical data breach was much less costly, around $200,000. Romanosky estimated the total annual cost to corporations in the United States to be around $10 billion.
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [2] [3] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [4]
The data breach last month that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said. MGM said that reservations and ...
The data breach occurred in April 2023, and the company learned about the incident in October 2023. The company settled the lawsuits with $30 million related to the breach.
According to an IBM report, the average cost of a data breach in 2019 was $3.92 million, while a healthcare industry breach usually costs $6.45 million. However, the average cost of a healthcare data breach (average breach size 25,575 records) in the U.S. is $15 million. [16]
Failing to obtain valid consent to process customer cookies, as per privacy notice. [39] 2019-12-09: 1&1 Ionos: €9,550,000: Germany : Insufficient protection of personal data, failing to put “sufficient technical and organizational measures” in place to protect customer data in its call centers. Violation of article 32 of GDPR [40] 2019-12-17