Identity Theft & Data Breach
3 reasons why you need this coverage
Your business relies on computers to store information. Therefore they are exposed to network security breaches.
F&I Department: Every company in your industry today stores sensitive information about their customers and employees on a network. These clients may have exposure to security breaches that can compromise or damage sensitive information and disrupt operations upon which their customers depend. Anyone affected by breaches may take action against those who they think are responsible.
Claims can be for identity theft or any information or data, not just Web site content.
Your Network: The sensitive information most businesses hold is not primarily on a Web site or related to Internet operations. Valuable information, such as tax identification numbers, credit card numbers, bank account numbers, others’ trade secrets, proprietary or confidential information, or customers or employees’ private information, is more frequently stored on an internal network.
New laws require your clients to notify anyone affected by a security breach.
Red Flag Laws: Recently laws have been enacted in many jurisdictions that require your business to notify anyone whose private information may be at risk after a breach occurs.
