Before you serve your first customer, your business is at great risk and liability. Thankfully, there are many insurance options to help businesses protect their livelihood. Below are critical types of insurance that restaurants and bars should consider to protect their financial investment.
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.(more…)
What is Cyber Terrorism?
Cyber terrorism is a politically-motivated attack against computers and data. These attacks are intended to be disruptive and advance the attackers’ political or religious stance. Acts of cyber terrorism result in a total or partial interruption of a computer system. Unlike cyber extortion, the hacker isn’t asking for any sort of ransom in cyber terrorism situations.
Examples of Cyber Terrorism
- Sophisticated network attacks to gain access to sensitive data and high-value business information
- Viruses and worms that are maliciously designed to disrupt, damage and attack an electronic infrastructure
- Hacks to collect personally-identifiable information which can be used to steal identities
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…)
What is Ransomware?
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…)