- Cyber Terrorism: How Insurance Can Help Mitigate Damages
- Cyber Liability Insurance – Network Asset Protection Coverage (Video)
- Data Breach and Your Damaged Reputation
- Cyber Liability Insurance – Security and Privacy Liability Coverage
- Common Data Threats and Vulnerabilities
- PCI DSS Compliance and Cyber Liability Insurance
- Cyber Liability Insurance – Privacy Breach Response Coverage (Video)
- Upgrade Your Internet Security: Risky Cyber Behaviors to Avoid
- Password Security Tips
- Top 3 Data Breach Myths (1/4)
- 8 Tips to Prevent Data Breach (2/4)
- How to React to a Data Breach (3/4)
- Protecting Your Business from Costly Data Breach Damage (4/4)
- Private: Will you be Blindsided by a Data Breach?
- 7 Common Causes of Data Breach
- Hacked! How to Comply with Data Breach Notification Laws
- Private: Video: Dealing with Data Breach
- Password Storage Solution
- Best Practices When Connecting to Public Wireless Internet
- PHISHY PHONE CALLS
- Don’t Be a Victim of Email Scams
- Password Best Practices
- What Your Business Needs to Know About Ransomware and Cyber Extortion
- Multimedia Liability Insurance Coverage
- Cyber Liability: Privacy Regulatory Defense & Penalties Coverage
- How to Keep Your Restaurant Safe From Cyber Threats
- How to Report Data Security Incidents
The U.S. National Cyber Security Alliance reports that 60% of companies affected by a data breach will go out of business within six months. At a time when technology and the risks associated with it affect every person and business, Society Insurance provides leading-edge Cyber Liability insurance with comprehensive data security and privacy coverage.
What is Privacy Regulatory Defense Coverage?
Privacy Regulatory Defense and Penalties provides coverage for regulatory fines and penalties
and/or regulatory compensatory awards incurred because of privacy regulatory proceedings or
investigations brought against you by federal, state or local governmental agencies.
Consider this scenario:
A restaurant chain discovers malware operating on point-of-sale (POS) devices at several locations. The malware is designed to access payment card data, including customer names and card numbers, from cards used at the POS devices. The restaurant chain discloses the breach in a press release, and a customer affected by the breach subsequently files a consumer complaint with the Federal Trade Commission (FTC). The FTC investigates and finds that a lack of technical safeguards contributed to the theft of credit card data. The FTC orders the restaurant to pay civil fines and penalties for unfair data security practices.
Who Pays for Costs Associated with a Data Breach?
Cyber Liability insurance would pay for the defense costs, fines and penalties incurred in an FTC investigation. Small Details like this, make a Big Difference.