Understanding Your Cyber Insurance Needs & Keys to Obtaining Coverage

Your organization needs cyber insurance. Why? Over 80% of organizations experienced at least one successful phishing attack in 2021, and 54% experienced a cyberattack in the last 12 months. Considering the average cost of a data breach was $4.35 million in 2022 – and even higher in the healthcare industry at $10.1 million – cyber insurance is a business concern that urgently needs your attention. But getting and keeping cyber insurance coverage is increasingly challenging in today’s market – as is getting your claims approved. And even when your claim is approved, you may have insufficient coverage to compensate you. Only 19% percent of organizations have cyber insurance coverage over $600,000, while the average ransomware payment in 2021 was over $810,000. In this timely webinar, we'll hear from leaders about how they are tackling the cyber insurance challenge. Source: Understanding Your Cyber Insurance Needs & Keys to Obtaining Coverage on healthsystemcio.com - Interviews & Webinars with Health System IT Leaders