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18-MM-2610 CyberFirst

 

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CyberFirst for Public Entities
Exposed city records can be costly
The first time it happened, you thought you did all the right things – antivirus software, policies, protocols and employee training. Now it has happened again. A city employee opened an email attachment and malicious code infiltrated the city's network, damaging thousands of electronic records.

Because your municipality uses software to manage city services, such as park and recreation programs and utilities, you were concerned. You hired a computer forensic investigator, who confirmed that data about your residents and your city employees had been compromised – names, addresses, dates of birth, Social Security numbers, even credit card and bank account numbers.

The high cost of a data breach
According to the NetDiligence® Data Breach Cost Calculator*, the city’s estimated costs for this event could be:
$   291,000  Incident investigation
$   125,000  Electronic data restoration expense
$   504,000  Citizen notifications/crisis management
$   550,000  Fines and penalties
 
$1,470,000  Estimated total cost to the city
When it comes to cyber threats and the potential impact to public entities, it pays to be prepared with the right information and the right coverage. At Travelers, we understand evolving cyber trends and the needs unique to public entities. Our CyberFirst coverages are based on the specific and evolving cyber exposures public entities face every day.
Contact your Travelers representative for additional information or visit Travelers.com
The new CyberFirst – more flexibility, more choice and more knowledge.
*The NetDiligence® Data Breach Cost Calculator and other employee training tools are available to insureds on the Travelers’ eRisk Hub®. eRisk Hub is a registered trademark of NetDiligence.
18-MM-2610 BPSEM.0022 Updated 11-18
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063