Top Cyber Liability Claims of 2021

Why Every Business Should Have Cyber Insurance

 

When a breach occurs, cyber insurance covers the range of expenses that arise. These include identifying and solving the breach, recovering data, customer notifications, PR costs, possible credit monitoring expenses, legal expenses, potential fines from compliance regulators, extortion costs from ransomware, and general business interruption.

10. MEETMINDFUL

Online dating service had PII released on hacker site – stolen IP addresses, geographical info, email account details, and FB data.

9. ACCELLION

Music gear retailer had data released on dark web.

8. REVERB.COM

Document produced was hacked.

7. PIXLR

Web-based photo editing program had data hacked.

6. MIMECAST

File transfer service released fixes to patch weaknesses, but ransomware hackers got in first.

5. LINKEDIN

Professional social media site that had data scraped and shared online, for sale on RaidForums.

4. MICROSOFT

Software was hit by Chinese hacker and affected organizations including governments and federal agencies.

3. ANDROID

Software had cloud issues and data was compromised.

2. VOLKSWAGEN & AUDI

German automaker had PII stolen including DL #s and tax ID #s.

1. Facebook/Instagram/LinkedIn

Data stolen usernames, mobile numbers, locations, and logins. 

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