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Barrick's holistic approach to our business encompasses managing the many mine closure liabilities we have accumulated along the way. We are methodically moving to nonoperating tailings storage facilities, with the largest liabilities to safe closure. And that's also key to reducing our liabilities while we mine.
When Jim joined us as our Chief Financial Officer in 2012. And as I said, we spent a lot of time in duediligence analyzing those costs, and we're comfortable then and continue to be. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
Global Financial and Professional liability rates were down 6%, while cyber decreased 7%. It's focused on a large account segment, and it's gone up one and a half times since 2012. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
And he's already fairly familiar with the Company, did his duediligence and I can almost give to you, he will get it faster. Frankly, that's a gem from the two assets that we acquired back in the 2012, 2013 time frame. So I think that will all happen very, very quickly. Todd Thomas -- KeyBanc Capital Markets -- Analyst OK.
One way to think about is you had a big -- big bolus of work around data and CRM here in between 2012 and 2017. They were confident -- they did their duediligence. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
I mean, how is the CFP Board even going through a process of duediligence, again, innocent till proving guilty in the sense when they have all kinds of disclosures, but at the same time, they’re publicly reprimanding 40 people, 80 people, whatever the number is, in a given year, out of the tens of thousands. About Scott Salaske.
But, you know, coming out of the GFC, we didn't buy in high-quality assets until 2012 and '13. But, you know, we do have about 79 million under contract in duediligence, and we think that'll close somewhere in the first half of the year. I think there's going to be some more. GFC started, you know, '08 or '09.
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