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Insurance and Wellness Blog

How Much Could a Data Breach Cost?

Posted by kapnick on Oct 24, 2014 3:00:00 PM


If you collect Personal Identifiable Information (PII) from your clients, tenants or even employees then you have good reason to be concerned by the threat of a Data Breach.

The costs associated with a data breach of your company's confidential third-party information, especially PII that you collect from applicants and tenants, can be staggering. These include costs of notifying those affected, lawsuits and settlements, investigation and remediation of a breach - just to name a few.

So the answer to the question "how much could a data breach cost?" is  a lot!

Is your business protected?

Some questions you need to answer in order to put a Cyber Security plan in place that is designed for your particular business are:

  • What kind of data do you have in your business?

  • How is data being handled and protected?

  • Who has access to that data and under what circumstance?

  • Is your company’s Privacy Policy adequate?

Have Questions? Want more information?

Please call our business development office to be connected to a Cyber Security Liability insurance expert in your area who can answer your questions and assist you with an insurance quote.

Contact us for more information

or check out the below government link.

http://www.dhs.gov/national-cyber-security-awareness-month-2014






Topics: Cyber Liability Insurance