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It is important to know the dangers of cyber-attack (aka Data Security Breach).  According to recent Symantec research, 60% of small businesses will close within six months of a cyber-attack because they fail to recover from a breach. For example, did you know that 1 in 3 Americans health info would be compromised in 2016? At least 111 million individual’s data was compromised due to hacking or information technology problems in 2015 and 1 in every 4 Americans is vulnerable to this fate. Medical records are more than just a credit card or a social security number. Medical records contain individual’s medical history, test results, list of past addresses, family members and other information that is difficult to change or delete.

While health info is one form of data breach, Cyber Liability Insurance is in place to help protect businesses from being attacked and in circumstances where they are unable to log into their systems due to being locked out. An attack can become overwhelming and frustrating for businesses as they might not be able to log into their accounts for quite some time. Investing in cyber liability insurance will help protect you from this issue but also from the frustration as well. As the internet continues to become the most prominent source, cyber-attacks are becoming much more common. It is important to know about cyber-attack and how purchasing cyber liability insurance can help protect you and your business because 38% of clients will leave after a breach. Due to this statistic, the number one concern for a business is to prevent a breach from happening, as well as protect client’s sensitive information.

Do you know what to do if you have a data breach, are you prepared to handle being in this situation? Call our office at 609-645-1700 or email Brett Balsley at bbalsley@bca-insurance.com

Posted 10:52 AM  View Comments

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