Did you know there is a growing threat of cyber liability to public entities? Click on the infographic from Glatfelter Public Practice to learn cyber statistics, the average cost per breach and more.

1. GlatfelterPublicPractice.com
CREATED BY
SOURCES
1 – 2012 Cost of Cyber Crime Study: Unites States, Sponsored by HP Enterprise Security, Independently Conducted by Ponemon Institute, October 2012
2 – Top Cybersecurity Trends and Risks for 2013 Identified – P&C 360 – Threat Matrix Article 12/20/12
3 – Cyber Risk: A Stealth Threat for Municipalities, 6/15/12 NYSAC, Christine Marciano, Pres Cyber Risk Managers
4 – Cyber Liability and Data Breach Insurance Claims, A Study of Actual Payouts for Covered Data Breaches , NetDiligence 10/2012 for Claims filed in 2011 & 2012
5 – (Identity Theft Resource Center)
VER EXPOSED
PW: *****
SS#
DOB
23 million records were
exposed through more
than 414 reported
security breaches in
2011, a 44% increase.5
70% of breaches were caused by Hackers, Stolen or Lost
Laptops/Devices and Other (unwanted text messages or data
collection from mobile phones/tablets).4
The Growing Threat of Cyber
Liability to Public Entities
IN THE CROSSHAIRS
Government Agencies & Public Entities are high
value targets of cybercriminals due to the large
amounts of confidential information collected
and stored, including personal and financial
information highly sought after for identity
theft and financial fraud. 1 & 3
IT’LL CO$T YOU
2012 average cost per breach rose sharply to $3.7 million - up 35%.4
4
1
SEE YOU IN COURT
Privacy Violation Lawsuits are on
the rise. The courts are being tested
to determine the monetary value of
inappropriately collected, shared or
stored customer information.4
TIME IS MONEY
Cyber attacks can get costly if
not resolved quickly. Results show
a positive relationship between
the time to contain an attack and
organizational cost. 1
“DEAR VALUED CUSTOMER…”
As of February 2012, forty-six
US States have enacted statutes
requiring notification and responses
if certain criteria are met in a data
breach held or maintained by a
private or public entity. 3
46 States
Require Notification
Data
Breach
Legal costs are the largest portion of claims paid
Average cost of defense – $582K
Average cost of settlement – $2.1 million
Information theft and business disruption represent the highest external costs
Information theft – 44%
Disruption to business or lost productivity – 30%
Cyber crime costs small organizations more – they incur a significantly higher
per capita cost than larger organizations1