Colorado Cyber Liability Insurance

The healthcare sector faces significant cyber risks due to:

• Handling sensitive patient health information (PHI) protected under HIPAA
• Managing extensive electronic health records (EHR) systems
• Processing insurance and payment information
• Utilizing connected medical devices
• Average breach cost of $10.1 million in healthcare (highest across all industries)

Banks, credit unions, and financial institutions require robust cyber liability protection because they:

• Process high volumes of sensitive financial transactions
• Maintain extensive customer personal and financial data
• Face sophisticated cyber attacks targeting financial systems
• Must comply with strict regulatory requirements
• Experience an average breach cost of $5.97 million

Colorado’s retail sector faces unique cyber challenges due to:

• Processing large volumes of credit card transactions
• Maintaining customer databases with personal information
• Operating e-commerce platforms
• Managing point-of-sale systems
• Average breach cost of $3.28 million in retail

Law firms, accounting firms, and consultancies need comprehensive coverage because they:

• Handle confidential client information
• Store sensitive business and personal data
• Must maintain client-attorney privilege
• Process financial and tax information
• Face average breach costs of $4.65 million

Colorado’s growing manufacturing and tech sectors face increased risks due to:

• Maintaining intellectual property data
• Operating industrial control systems
• Managing supply chain information
• Utilizing IoT devices and connected systems
• Average breach costs reaching $4.47 million

Educational institutions require specialized cyber protection because they:

• Store student and faculty personal information
• Maintain financial aid and payment data
• Operate extensive network systems
• Handle research data and intellectual property
• Face average breach costs of $3.86 million

Colorado’s energy sector faces critical cyber risks due to:

• Operating critical infrastructure
• Managing industrial control systems
• Maintaining customer usage data
• Processing payment information
• Average breach costs of $4.72 million

Local government entities need cyber protection because they:

• Store citizen personal information
• Maintain public service systems
• Process tax and payment data
• Operate emergency response systems
• Face average breach costs of $2.07 million per incident

Colorado’s real estate sector faces increasing cyber risks due to:

• Processing large financial transactions
• Storing client personal information
• Managing property management systems
• Handling escrow accounts
• Average breach costs of $3.64 million