As the world becomes more connected through cloud computing, social media applications, and other electronic communication methods, you and your business become more exposed to cyber threats. Cyber threats include the following;
E-commerce is now more the rule than the exception. Businesses that want to grow and attract new customers must make the transaction and customer experience convenient. These conveniences include everything from a mom and pop shop accepting credit cards to an online retailer selling products through a mobile app. While technology can help increase sales and build loyalty among a customer base, it also presents new threats.
Most businesses do the simple things like update anti-virus software, periodically update hardware, and change passwords frequently. These are essential steps to protecting customer data and certainly help protect against a data breach, but have you developed a plan for reacting to a data breach? Has management considered the following questions?
Winters-Oliver is aware of these threats and can help you answer these questions.
Sony, Heartland Payment Systems, T.J. Maxx, Zappos and most recently, Target have all suffered serious cyber events. If it can happen to these companies, then it can happen to most any company. Additionally, most small business owners do not have the budget or resources that larger companies allocate to systems security. Cyber Liability Insurance is an efficient way to transfer some of this risk away from your business. A cyber liability policy can make answering the above questions much easier.
Cyber Liability Resources |
Helpful Resources |
Data Breach Reporting Requirements for Virginia |
Data Breach Reporting Requirements for North Carolina |
Websites |
PCI Security Standards |
DATALOSSdb |
Cyber Briefs |
Cyber Risks for Small Business |
Contact Ben Winters or Sherwood Bowditch at (804) 746-5178 to find our more about this unique and valuable protection.
Winters-Oliver is a specialty insurance agency offering property & casualty insurance and employee benefits to small and middle market businesses.