Dive into the Cyber Liability Calculator:
The calculations in this calculator use a variety of sources, including MNP, Prolink, Statista, Industry statistics and more. When a range has been provided, we set the calculation to the lowest value of the range in order to be conservative.
Use this calculator as a way to help your business estimate loss. Results should not be taken as actual calculated loss.
Results include estimated ransom demand, estimated ransom payout, estimated downtime cost, estimated remediation cost per industry statistics, potential ransomware cost. It also includes potential email fraud cost, estimated 1st-Party Liability, estimated number of Personally Identifiable Records, estimated 3rd-Party Direct Liability, estimated legal costs associated with 3rd-Party Liability and more.
In conducting a cyber insurance review for a client, we identified that their policy limits were less than 10% of the potential costs involved in a breach. The client’s insurance agent had sold them a policy available without knowing how to quantify cyber risk.
So, we created this calculator to help businesses estimate the potential financial impact from a cyber incident.
Cyber Liability is the responsibility of the damage from cyber threats or breaches involving computer systems and data. That can include sensitive customer information, such as credit card numbers, Social Security numbers, account numbers and driver’s license numbers.
Cyber liability insurance covers the damage that your business suffers because of a cyber security breach. It is also known as cybersecurity insurance or cyber risk insurance.
When working with clients to submit applications for Cyber Insurance, we often hear that they don’t understand the terminology on the application form. For anyone who has found themselves in this situation, read our Cyber Insurance Terms Debunked blog.
Book a Consultation Call with our team and include what you want to focus on from your Cyber Liability Calculator results – and don’t forget to send the results to your email (bottom of last page) to have handy!
