An Advisen study, commissioned by ID Experts, found that the cost of the average data breach is less than most cyber insurance policies’ deductibles, Dark Reading reports. “Most data breaches are small — consisting of fewer than 500 records lost,” the report states. “But most cyber insurance policies are set up to protect against large data breaches, with 90 percent of respondents having a deductible that is greater than $10,000.” As a result, more than 70 percent of those surveyed employ internal resources to clean up these smaller incidents. “There’s a lot of misconceptions around cybersecurity insurance — what it does, what it could do,” said SANS’ John Pescatore. “It's not for everyday occurrences.”
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