Tag Archives: Cyber-Liability
The cyber-liability landscape is constantly changing. It is difficult to see and identify risks- consequently it can be a difficult sell to clients. However, it is an essential form of coverage that business owners should not be without. It is essential for agents to educate insurance purchasers about the exposure to loss and potentially devastating consequences of a cyber-breach.
There were 515 million records breached in the U.S. in 2010, according to the Privacy Rights Clearinghouse...
Even if you’re a smaller agency, you’re not off a hackers’ radar. Hackers look for weaknesses, rather than large companies, as targets. If you fail to take adequate security measures, your chances of a data breach greatly increases.
Top data breaches include the New York State Electric & Gas Co. and Emory Healthcare. In a recent blog post, privacy & network security insurance: cyber-liability growing, we discussed the growing security..
Storing any type of personal information exposes companies to risk of a privacy or data breach. Regardless of your industry, a data breach is costly, interrupts business, and can harm your reputation. Privacy & Network Security insurance is essential for all firms to protect against this new threat, regardless of size.
In the insurance industry, it is a hugely growing sector. Cyber insurance maintained a double-digit premium volume growth in 2012. It..