Understanding the ongoing cybersecurity threats to the middle market
As cybersecurity threats and data security events continue to increase, understanding the costs and resources necessary to respond to a data breach is essential. RSM US LLP is a proud sponsor of the 12th annual NetDiligence® Cyber Claims Study, a report detailing the actual losses from data breaches and other cyber-related incidents covered by leading cyber insurance carriers.
This year’s report features an analysis of almost 7,500 claims arising from events that occurred between 2017 and 2021. Ransomware and business email compromises are the two leading causes of loss in the NetDiligence survey, accounting for 44% of all claims during the full five years of data and nearly 50% from just 2020-21.