Data breaches are part of the technological age. Indeed, 2013 was dubbed the year of the "mega breach," and in 2014, as of October, there had been 621 publicly reported data breaches, exposing 77,890,487 records. See, Identity Theft Resource Center, 2014 Data Breach Category Summary (Oct...
A data breach insurance policy typically provides coverage for: Expenses related to notification, data recovery, credit monitoring services, crisis management/public relations and good faith advertising. Defense and liability including defense costs, civil awards, settlement or judgments. ...
A data breach is one of those events. Thus, data breach insurance can be described as cyber insurance that’s specifically meant for data breaches. What is a Data Breach? According to TechTarget, a data breach is “a confirmed incident in which sensitive, confidential or otherwise protected ...
Protect your business from a costly data breach with cyber liability insurance coverage from the experts at DataBreachCoverage.com.
1. Insurance Coverage Disputes over Data Breaches [J] . Ellen Farrell, Kathryn Linsky E-commerce law & strategy . 2014,第4期 机译:关于数据泄露的保险责任纠纷 2. When Your Data Goes Viral: Insurance for Data Breaches [J] . Sherilyn Pastor, Kelly Lloyd E-commerce law & strategy . ...
The breach allegedly involved 7.24 TB of Personally Identifiable Information (PII) from 31 million customers. The hacker group xenZen leaked the data via Telegram chatbots and offered it for $150,000. These data samples included information such as policy and claims details, along with documents ...
For insurance companies, who are responsible for holding vast amounts of personal and financial data on their customers, a data breach can cause irreparable damage, decrease company value and even impact the wider economy. This is to say nothing of the severe financial penalties that can be impo...
Software companies, including developers, IT consultants, tech startups, and firms providing digital services, need this insurance. It is essential for any business that develops, sells, or maintains software, as well as those handling sensitive data or offering professional tech services, to mitigat...
cyber insurance tends to be a corporate policy, covering companies for the consequences of a data breach, for example. But, given the amount of personal data that is now held digitally, some insurers are starting to look at the question of whether there would be a market for personal cyber...
stores sensitive data such as health records, credit card numbers, or Social Security numbers. If the data is hacked, your cyber insurance will cover the cost of notifying affected customers. It will also cover your legal costs if customers affected by the breach sue your business for ...