As a business owner, you strive to be fair and nondiscriminatory in your employment practices. But even a simple misunderstanding could expose you to an employee-related claim or allegation such as sexual harassment, discrimination, abuse or wrongful termination. In today’s litigious business climate, these are damaging claims that can put you out of business. Is your business prepared for these situations with Employment Practices Liability Insurance (EPLI) coverage? (more…)
If your business suffers a data breach, you may see yourself as the victim. But there could be a different perspective for customers or employees whose data has been compromised. They may view you, the business owner, as responsible for not properly safeguarding their confidential information. Would your business be prepared for the related lawsuits? (more…)
When it comes to data security, a threat is any potential danger to information or systems. Threats could be an intruder network through a port on the firewall, a process accessing data in a way that violates the security policy, a tornado wiping out a facility, or an employee making an unintentional mistake that could expose confidential information or destroy a file’s integrity.
It’s critical for every business to understand their risk. An important step in data security is to identify potential threats, classify them by category, and evaluate the damage potential to the company. Use this checklist to understand common data threats and assess how they may affect your business: (more…)
Did you know that ransomware attacks are now one of the most popular cyberattacks, surpassing hacking and physical theft in cyber claims activity? The FBI estimated ransomware to be a $1 billion crime in 2016 and research reported that 42% of small and medium-sized businesses were hit by ransomware attacks.
What is Ransomware?
Customers expect to pull into a gas station, fill their tank quickly and leave without a second thought about the fuel they just pumped into their vehicle. Gas station and convenience store owners expect the same. But if that fuel is contaminated it can cause serious engine damage, affect a gas station’s reputation and cost the business owner thousands of dollars.
Did you know that businesses are required to implement a set of security standards to protect credit card data?
Did you also know that banks and credit card companies can impose fines and penalties on your business if you fail to maintain these requirements? (more…)
Our risk management team is committed to identifying dangers that could result in financial loss or injury – and providing thoughtful solutions to keep your workplace safe and profitable. In 2017, Society’s risk control experts conducted webinars to share their insight and safety resources. (more…)
A privacy breach that exposes sensitive customer information can be high-impact for all businesses. But it can be especially devastating for a small business, causing significant financial strain and irreparable harm to your reputation. So, what are the odds of a breach happening at your business? (more…)
In 2017, our experts shared insights on a variety of insurance trends, safety tips, and topics important to Society Insurance policyholders, agents and employees.
The most popular blog topics of 2017 included…
Every business has an expectation to protect sensitive information, and every employee plays a key role in preventing cybersecurity incidents.
Below are five of the most common data security mistakes leading to data breaches. Employees should halt these practices immediately to reduce the likelihood of a breach.