These days there are two kind of companies: those that have been hacked, and those who don't yet know they've been hacked.
In 2015, the Identity Theft Resource Center tracked 781 total breaches that exposed more than 169 million personal data records. Those Cyber crimes continue to be very costly for organizations. The average cost of Cyber crimes grew to $15 million in 2015, according to a recent survey conducted by the Ponemon Institute, a privacy, data protection and information security consulting firm. That's a 19% increase over the previous year, and an 82% increase in the six years the survey has been taken.
Cyber insurance that offers comprehensive coverage and syncs with other coverages can help mitigate risk from payment card fraud, loss of personal information, spying, malware and other problems.
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