Shield Your Business with Exclusive Social Engineering Coverage Quote
Real-World Examples and Statistics
According to the 2023 Verizon Data Breach Investigations Report, social engineering accounted for 22% of data breaches, highlighting the prevalence of these attacks1. Businesses of all sizes are vulnerable, but small and medium-sized enterprises (SMEs) are often targeted due to perceived weaker defenses. In fact, a study by the Ponemon Institute found that SMEs experience an average loss of $2.98 million per data breach2.
Taking Action
To protect your business from the growing threat of social engineering, it's crucial to explore the various coverage options available. By investing in a comprehensive insurance policy, you can safeguard your assets, maintain customer trust, and ensure compliance with industry regulations. As you search options and visit websites to learn more about the specific solutions that best fit your business needs, remember that proactive measures today can prevent costly repercussions tomorrow.