Cyber Insurance Savings Every Accountant Needs Today
Why Cyber Insurance is Essential for Accountants
The accounting industry handles vast amounts of confidential financial data, making it a prime target for cybercriminals. A study by the Ponemon Institute revealed that the average cost of a data breach in 2023 was $4.45 million1. For accountants, a breach can lead to significant financial losses, legal liabilities, and damage to client trust. Cyber insurance offers a safety net, ensuring that you can recover quickly and efficiently from such incidents.