Data Breach Coverage

Click to Access Data Breach Video

A company laptop is missing. Customer payment records are stolen. Paper files are lost. And online systems are hacked. What happens next? Any business that collects or stores sensitive personal information, electronically or in paper files, is at risk for a data breach. According to the 2013 Verizon Data Breach Investigations Report (DBIR), 31% of all data breaches investigated in 2012 occurred in organizations with fewer than  100 employees.

Data breach defined:

The loss, theft, accidental release or accidental publication of Personally Identifiable Information (PII) including:

  • Social Security number
  • Bank Account number
  • Credit or debit card numbers
  • Driver’s license number
  • Patient history and medications

Are You Prepared?

There are 51 laws governing 50 jurisdictions in the United States that require impacted parties, credit bureaus and state and federal agencies are notified when a data breach occurs.

Did You Know?

In 66% if the cases in 2012, the breach wasn’t discovered for months or even years (up from 56% in 2011).  in 22% if cases, it took nine months to contain the breach.

Defend Yourself Against Liability Expenses

The longer it takes to detect a breach, the longer sensitive personal data is exposed – and the longer it may take to contain the breach. This could mean increased liability to your business. And you could be sued by those whose sensitive information was exposed. Defense & liability coverage helps pay for the cost of your defense and any civil awards, settlements or judgments you’re legally obligated to pay. It’s available with the purchase of data breach response services, but not as standalone coverage.