Despite increasing awareness around cyber security and theincreasing frequency of data breach events, risk professionals andinsurance underwriters don't have a complete picture of the trueimpact of data security, as told by claimsdata, according to the NetDiligence 2014 Cyber Claims Survey.


The cyber risk consultants sampled 117 data breach insuranceclaims, from carriers that include ACE, AIG, Chubb, Lockton,Liberty International Underwriters, OneBeacon, Philadelphia,Travelers, XL Group and Zurich NA.


Below, a summary of the company's findings. Click image toenlarge.


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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].