Tag Archives: costs

New Cyber Study Reveals Average Total Data Breach Claim at $673,767

New Cyber Study Reveals Average Total Data Breach Claim at $673,767Leading cyber risk assessment and data breach services company, NetDiligence, recently released its fifth annual Cyber Claims Study, which takes a look at actual losses for data breach events covered by various leading cyber liability insurance carriers. The findings in the report are from a sampling of 160 cyber liability insurance claims, examining the type of data exposed, the cause of loss, the business sector in which the incident occurred …

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Survey Shows Occupational Fraud Costs Typical Organization 5% Annually

Survey Shows Occupational Fraud Costs Typical Organization 5 AnnuallyInternal Theft Universal Problem for Businesses

The Association of Certified Fraud Examiners (ACFE) recently released its annual study, Report to the Nations on Occupational Fraud and Abuse, revealing that the typical organization loses 5% of revenues each year to fraud. Moreover, the median loss caused by the frauds in the study was $145,000. Additionally, 22% of the cases in the study involved losses of at least $1 million. …

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