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Average costs of SME cyber insurance claims in North America 2014-2018, by cause

Published by
Jennifer Rudden,
Jan 11, 2022
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)

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Source

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Release date

October 2019

Region

Canada, United States

Survey time period

2014 to 2018

Supplementary notes

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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