Tag Archives: Data Breach

Cyber-Liability Insurance: A Tough But Necessary Sell

Cyber-Liability Insurance: A Tough But Necessary SellWhy Cyber-Liability Insurance is a Must-Have Coverage for Your Clients

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...


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Cost of Cyber Crime for Insurance Companies

Cost of Cyber Crime for Insurance CompaniesCost of Cyber Crime for Insurance Companies

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..


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Privacy & Network Security Insurance: Cyber-Liability Growing

Privacy & Network Security Insurance Cyber-Liability GrowingPrivacy & Network Security Insurance: Cyber-Liability Growing

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..


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