The average cost of a cybersecurity incident ranged from $35,967 for U.S. companies with 99 employees or fewer to $102,314 for companies with 1,000 employees or more, according to the Hiscox Cyber Readiness Report 2017.
The report is compiled from a survey of more than 3,000 executives, departmental heads, IT managers and other key professionals in the U.S., the U.K. and Germany.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
