Cyber-attacks and data breaches continue to make the news. And small to mid-size firms are just as vulnerable as larger organizations.
Using a conservative estimate of $20 per record for breach response services such as client notifications, IT services, legal and communication costs, a CPA firm with 2,000 client records could incur more than $40,000 in expenses. A single incident of this nature can significantly impact a firm’s financial bottom line and reputation.
CAMICO’s CyberCPASM coverage is available to policyholders for the nominal amount of $40 per professional with CAMICO Mutual Professional Liability insurance.Core coverages include Privacy Breach Response Costs, Network Asset Protection, Cyber Extortion and Cyber Terrorism. With CyberCPA, your firm not only is protected in the event of an attack, but has access to risk management resources that can help minimize the possibility of a breach.
Protect your clients and your business with CyberCPA!
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