Call Us Free: (800) 394-2767

Marriott data breach costly despite cybersecurity insurance coverage

The massive hotel chain’s cyberattack could affect as many as 500 million of its customers.

The Marriott data breach is now believed to affect as many as 500 million of its customers. The hotel giant is protected by cybersecurity insurance, but the cost of the cyberattack’s cost could be in the billions over coming years.

These types of mega-breaches are becoming more commonplace and more costly all around.

Based on data from other similarly sized breaches, the Marriott data breach will come with a multi-billion dollar price tag over the next few years. According to the hotel company, the information of around 500 million guests may have been accessed from within its Starwood network. Customers potentially affected are those whose data has been in that network between 2014 and 2018.

An estimated 327 million of those guests have possibly had immensely sensitive data exposed. This includes everything from gender, email and date of birth, to phone numbers and even passport numbers. In some cases, payment card data may also have been accessed, but payment data is encrypted.