Recently we reported on the real cost of a cyber security breach and outlined that an average date breach results in around 29,000 compromised individual client records. Apart from the actual cost of remedying the cause/s of the cyber security breakdown, the average cost to a company for lost business alone was about $3,300,000 (Baht […]
In the past, Bangkok has been notorious for regular destructive floods. Of course, for a city which has been called the Venice of the East and which is said to be sinking at a rate of several centimetres per year the possibility of flooding is widely accepted by both insurer and insured.
But floods can be […]
In an earlier post, we advised that the average loss for a large company resulting from a cyber security breach cost around $5.9 million, or roughly Baht 185 million.
On average, a Poneman Institute study found that, in the US, a data breach resulted in around 29,000 compromised data records with an approximate cost of about Baht 6,400 […]
According to a PricewaterhouseCoopers survey, in 2013 the number of cyber security incidents globally soared to 42.8 million, up 48 percent from 2012, while the average loss for a large company rose from $3.9 million to $5.9 million. Companies that have seen recent, major cyber breaches include Target, Home Depot Inc., Neiman Marcus and JP […]
For 25 years Trafalgar International has helped clients manage risk and on their behalf has placed insurance programmes for property, business interruption, liability, construction, engineering and employee benefits.
Although we are Thailand based, as a partner firm in Assurex Global, the world’s largest independent broking group, we are able to provide our clients with the same […]