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Average costs of cyber insurance claims in North America from 2014 to 2017, by cause of loss (in thousand U.S. dollars)

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Average costs of cyber insurance claims in North America 2014-2017 by cause of loss This statistic shows the number of cyber insurance claims made in North America in 2018, by cause of loss. The average cost of claims caused by system glitches amounted to 19.5 million U.S. dollars.
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Cost in thousand U.S. dollars
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Description Source More information
This statistic shows the number of cyber insurance claims made in North America in 2018, by cause of loss. The average cost of claims caused by system glitches amounted to 19.5 million U.S. dollars.
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Release date
October 2018
Region
Canada, United States
Survey time period
2014 to 2017
Number of respondents
1,201 respondents
Supplementary notes
All incidents reported took place between 2014 and 2017, and the targeted organization had some form of cyber or privacy liability coverage.
1,133 claims involved American organizations, ten claims were from Canada, nine claims were from the United Kingdom and three claims were from Australia

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