Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Dig Deeper



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.