get a comprehensive cyber risk assessment

Many US businesses could literally be at risk of financial ruin, simply because they fail to adequately protect of their online systems.

Cyber attacks on US businesses are increasing as is the cost of these attacks. The average cost of a single ransomware attack has reached  a staggering $1.85 million.

 That’s why Westwood has partnered with a leading Cyber security firm to bring you comprehensive assessments of your cyber vulnerabilities.

These assessments will tell you not only where the vulnerabilities lie in your systems, but also how much a cyber attack will cost you.

You can use this assessment not only to fix vulnerabilities in your security, but also to decrease the amount you pay on cyber liability insurance.

 

Fill out the form for a quick, non-evasive cyber assessment

How do we create this report?

Our partners have built a leading industry system that scours the web, detecting your online systems and testing the different ports (or doorways) that an attacker can use to access your data.

The system also combs the dark web, searching hackers share information, looking for mentions of your company and employees login information that has been gathered by hackers during their reconnaissance operations .

It can be alarming to find that hackers already have your credentials and there is an impending cyber attack planned for your company.

With this report, you can arm yourself – tighten up those vulnerabilities, change passwords and stop the attackers dead in their tracks.

A free cyber risk assessment

Is cyber security really a problem for your organization?

The statistics are truly alarming. Cyberattacks on US businesses are not only increasing but also evolving, with substantial financial implications.

  • The COVID-19 pandemic lockdowns exacerbated the situation, resulting in a 600% surge in cybercrime as businesses rushed to adapt to remote working environments​​.
  • This trend shows no signs of slowing down, with cybercrime expected to cost companies worldwide an astonishing $10.5 trillion annually by 2025,
  • This marks a significant rise from $3 trillion in 2015.
  • The average cost of a single ransomware attack has reached $1.85 million, highlighting the severe financial burden of cyber threats​​.

The healthcare sector is particularly vulnerable

Healthcare organizations experienced the most costly data breaches for over a decade.

  • The average financial loss due to data breaches in healthcare soared to approximately $10.10 million in 2022,
  • a 41.6% increase since 2020​​.

Financial services are not spared either, with the second-highest data breach costs averaging around $5.97 million. Cryptojacking attacks in this sector saw a staggering 399% year-over-year increase from 2022 to 2023​​.

Cybercrime costs are growing

Global cybercrime costs are anticipated to grow by 15% per year over the next few years, reaching up to $10.5 trillion annually by 2025. The significant economic impact of cybercrime cannot be understated, affecting not just large corporations but consumers and entire industries, such as healthcare, which is predicted to spend $125 billion on cybersecurity from 2020 to 2025​​.

Don’t wait for your organization to become another cybercrime statistic. Take action and get this comprehensive cyber security assessment today at no cost.

Get a comprehensive, no-obligation cyber assessment now
at no cost

Why organizations love to work with us

“Westwood Insurance Group, with Dale and Liz are a pleasure to work with in helping solve for my insured’s insurance needs. Very responsive and eager to help! They are competent and trusted!”

“I have worked with Michael and the team for the past two years and found them to be ethical, competent, attentive and to deeply value their relationships with both agents and underwriters. It is always a pleasure to deal with them”

“Laura has been a great contact for us over at the Westwood Insurance Group. She is extremely communicative and responsive. Their quick turnaround on last minute items is appreciated as well.”

Contact Dale Nelson now

Dale Nelson, Westwood team member

Dale specializes in cyber liability  insurance. You can call him on the number below or fill out the form and he will get your message directly:

insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:

     

    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.