Reveal Savings With Cyber Liability Insurance For Manufacturers
Why Manufacturers Need Cyber Liability Insurance
Manufacturers are particularly vulnerable to cyber threats due to the vast amount of data they handle, including sensitive information about products, clients, and suppliers. A cyberattack can disrupt production lines, lead to data theft, and cause significant financial losses. According to a report by IBM, the average cost of a data breach in the manufacturing sector was approximately $4.24 million in 20211. This highlights the critical need for manufacturers to invest in comprehensive cyber liability insurance to safeguard their operations and finances.