Given the growing frequency and severity of data breaches occurring in the United States, properly protecting an organization’s assets from such threats has become crucial. Determining the proper amount of cyber insurance to purchase, however, can be challenging.  

To enable clients to make more informed choices, Marsh has launched a new cyber breach modeling tool that uses company-specific input and historical breach information to predict the probability and potential financial outcomes of a full range of cyber privacy events.

With Cyber IDEAL, organizations can obtain an assessment not only of the probability of a future cyber incident occurring at their firm but also the probability of, and likely costs associated with, resulting actions. These could include forensic investigations, credit monitoring, regulatory fines and penalties, and lawsuits. Armed with this data, organizations can better assess the appropriate amount of cyber insurance they should purchase.

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