Data Risk and Privacy Exposure Programs
Posted by Devin Haughey on Fri, Dec 18, 2009 @ 01:51 PM
There are more than ten million verified victims of identity theft in America, today!
We all know of medical, financial, business, educational, and government facilities that have suffered a breach and have made the news. The limelight is focused on technology related breaches of security and identity that stem from improperly sent emails; hacking, malicious code and virus attacks; insider theft; and lost laptops. Paper based files also contain sensitive personally identifying information.
Our ever increased use of technology, with all of its benefits, directly affects our ability to protect ourselves and preserve our own personal right to privacy. Corporations also face similar challenges in protecting their sensitive information.
Many ask, how much would a breach of security actually cost? How would we respond to a breach? What is our plan of action? Is there insurance coverage in the marketplace that will assist us in transferring some of the risk? How much insurance is enough?
On average, a breach costs $202 per record exposed. Extrapolate this into just 1,000 records and your organization can face close to $202,000 for direct damages alone. Add to that, the costs of defending and possibly paying to settle a claim and the costs increase exponentially.
DeCotis Insurance Associates represents most major carriers. We provide complete insurance programs for technology, internet, data, and privacy risks.
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Network Security Breach
- Physical Breach
- Breach of Privacy
- Media
- Business Interruption
- Extra Expense
- Notification Costs
- Credit Monitoring Costs
- Cyber Extortion
- Computer Crime
- Public Relations
Ask us about our seminar, designed to specifically address the exposures, legal issues, risk management and insurance coverage available in the marketplace today!
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Established in 1989
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