Cyber Attacks are Costly
According to netDiligence, a leading cyber-security information service, the average cost of a cyber event for a nano-revenue sized firm exceeded $125,000. The 2017 netDiligence claims survey also found that professional services firms are particularly exposed to wire transfer fraud.
According to netDiligence, 30% of reported wire transfer fraud claims were associated with professional service firms. netDiligence found that the costs surveyed wire transfer fraud incidents ranged from $3,500 to $867,000.