eRiskHub easily educates and prepares organizations for various cyber threats
Did you know that according to NetDiligence’s Public Entities 2021 Spotlight Report, criminal activity accounted for 72 percent of cyber insurance claims? That the average cost of an incident was $145,000?
Ransomware was the leading cause of loss by far, with 32 percent of all public entity claims involving ransomware. The average cost of a ransomware incident was $157,000.
But Public Entities experienced cyber losses for other reasons, too, such as staff mistakes, programming errors, etc. Shown below, the top four causes of loss over the past five years were ransomware, hackers, staff mistakes and business email compromise.
Given the shortage of skilled cybersecurity personnel and the relatively high salaries that experienced practitioners command, public entities often have difficulty hiring or educating staff.
Fortunately, all pool members have access to a powerful cyber readiness portal called the eRiskHub, powered by NetDiligence. The eRiskHub allows public entity professionals to quickly and easily educate and prepare their organizations for the various cyber threats they face.
To access the full Public Entities 2021 Spotlight Report, register for the eRiskHub (included with your pool membership) by contacting Dwayne Litton, who is a safety and loss control specialist for KACo. Learn more about the eRiskHub here.