- Mar 27
- 1 min read

Cyber Threats: What's at Risk and What you can do about it

Updated: Jun 12

By The Huttenlocher Group

What's at risk? • Corporate Data • Employees’ Data • Data on Your Systems • Data In Transit • Data Residing on Other’s Systems • Non Electronic Data • Supply Chain

How Cyber Breaches occur: 3 main threat factors. Outside Attackers, 3rd Party Incidents, Insider threats

Outside Attackers: Hackers, Ransomware, Malware, Wannacry, DDOS, Email Hacking

Insider Threats: Rogue Employees, Unintentional Disclosure, Crashing Systems, Stealing or selling information, Lost/Stolen Mobile device, Malicious or Disgruntled Employees

3rd party incidents: Vendor Breach, Cloud service Breach, Billing service breach, credit card processing breach

Do you have a cyber Incident response plan? Will you survive a date breach?

First Party Costs: Business Interruption • Data Restoration • Dependent Business Interruption • System Failure • Cyber Extortion/ Ransomware • Number of Lost/Stolen Records • Identification & Containment • Incident Detection & Escalation • Victim Notification

Case Study Shows Company With $10M in Revenue Breach Coach/Legal Service --$101,029 Computer Security/Forensic Expert --$179,091 Notify Victims/Call Center Services --$168,729 Provide Credit Monitoring to Victims --$280,529 Public Relations/Crisis Management --$54,218

Third Party Costs: • Claim Defense • Litigation • Settlements • Judgments • Regulatory Investigations, Fines, and Settlements

Hidden Costs: • Customer Churn • Reputational Damage • Loss of Trust

Solutions: Cyber Liability + Cyber Insurance = Cyber Resilience

The Huttenlocher Group

(248) 681-2100

Waterford, Troy, Farmington Hills, Southfield, Rochester Hills, W Bloomfield, Pontiac, Royal Oak, Novi, Commerce, Orion, Independence, White Lake, Madison Heights, Oak Park, Auburn Hills, Oxford, Birmingham, Ferndale, Highland, Oakland, Michigan, Cybersecurity, Cyber Insurance, The Huttenlocher Group

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Cyber Liability Insurance

Cyber Threats: What's at Risk and What you can do about it

The Huttenlocher Group

(248) 681-2100

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