This statistic shows the average costs of cyber insurance claims made by small and medium-sized enterprises (SMEs) in North America from 2014 to 2018, by cause of loss. The average cost of claims caused by system glitches amounted to 1.9 million U.S. dollars.
Average costs of cyber insurance claims made by SMEs in North America from 2014 to 2018, by cause of loss
(in 1,000 U.S. dollars)
All incidents reported took place between 2014 and 2018, and the targeted organization had some form of cyber or privacy liability coverage.
A small number of claims were from Canada, the United Kingdom, Australia, Germany, Ireland, South Africa, and organizations with a global footprint.
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NetDiligence. (October 7, 2019). Average costs of cyber insurance claims made by SMEs in North America from 2014 to 2018, by cause of loss (in 1,000 U.S. dollars) [Graph]. In Statista. Retrieved January 19, 2022, from https://www.statista.com/statistics/667597/cyber-insurance-claim-cost-north-america-by-cause-of-loss/
NetDiligence. "Average costs of cyber insurance claims made by SMEs in North America from 2014 to 2018, by cause of loss (in 1,000 U.S. dollars)." Chart. October 7, 2019. Statista. Accessed January 19, 2022. https://www.statista.com/statistics/667597/cyber-insurance-claim-cost-north-america-by-cause-of-loss/
NetDiligence. (2019). Average costs of cyber insurance claims made by SMEs in North America from 2014 to 2018, by cause of loss (in 1,000 U.S. dollars). Statista. Statista Inc.. Accessed: January 19, 2022. https://www.statista.com/statistics/667597/cyber-insurance-claim-cost-north-america-by-cause-of-loss/
NetDiligence. "Average Costs of Cyber Insurance Claims Made by Smes in North America from 2014 to 2018, by Cause of Loss (in 1,000 U.S. Dollars)." Statista, Statista Inc., 7 Oct 2019, https://www.statista.com/statistics/667597/cyber-insurance-claim-cost-north-america-by-cause-of-loss/
NetDiligence, Average costs of cyber insurance claims made by SMEs in North America from 2014 to 2018, by cause of loss (in 1,000 U.S. dollars) Statista, https://www.statista.com/statistics/667597/cyber-insurance-claim-cost-north-america-by-cause-of-loss/ (last visited January 19, 2022)
