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Posts Tagged "Cyber Security"
Coverage in Action: Cyber Liability
One of the biggest stories of the 2013 holiday shopping season had nothing to do with the hottest toys or the increased reliance on online shopping: Hackers infiltrated Target’s point-of-sale system in December and gained access to the credit and debit card information of 40 million customers and the personal information of 70 million more. Luckily, the Minnesota-based chain had over $100 million of cyber liability insurance, according to sources. As technology becomes...
Read MoreEducate Your Employees During National Cyber Security Awareness Month
This October is Cyber Security Awareness Month, an event co-sponsored by the Department of Homeland Security (DHS) and the National Cyber Security Alliance (NCSA) in order to raise awareness of the importance of cyber security issues. While the event is designed to highlight some of the nation’s cyber security precautions, as well as how to be prepared in the event of a national cyber security incident, much of the focus is on good cyber...
Read MoreCGL Versus Specialized Cyber Liability Coverage
The only way to protect the assets of your business is to carry adequate Commercial General Liability (CGL) Insurance. A CGL policy protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable. CGL is usually triggered first in the event of a loss, so many business owners don’t feel an additional endorsement or stand-alone policy is necessary. A typical...
Read More10 Ways to Prevent Cyber Attacks
High-profile cyber attacks on companies such as Target and Sears have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the Small Business Authority, Symantec, Kaspersky Lab and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cyber security. The statistics of these studies are grim; the vast majority of U.S. small businesses lack a formal Internet security policy for employees,...
Read MoreFour Components of Cyber Liabilities
If your company stores data and information digitally, you should have a cyber risk management program that addresses prevention, disclosure, crisis management and insurance coverage in the event of a data breach. Good cyber risk management requires the planning and execution of all four of these components. Develop Strategies to Prevent a Data Breach Your data breach prevention strategies may include encrypting all devices used by your employees, such as laptops, tablets...
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