Cyber Risk Risks Are Real

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California law requires a business or state agency to notify any California resident whose unencrypted personal information, as defined, was acquired, or reasonably believed to have been acquired, by an unauthorized person. The cost to California businesses can run as much as $250 per individual breach.

Cyber Risk Prevention

According to IT Business Edge, 50% of businesses listed cyber security as one of their top five business risks. “With the revelations of the National Security Agency (NSA) surveillance program and retail store Target’s breach of confidential credit card information, this heightened awareness has been justified and provided warning of the need for awareness and mitigation of this risk.” Kachina Shaw

Cyber Risk Insurance

Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have – if they don’t already. From retailers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the severe data breach exposure they face. In short, any business not making an effort to protect personal private information is seriously out of step with the emerging landscape of privacy law. North Bay Insurance Brokers can provide your firm with the right combination of pricing and coverage. Cyber risk insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

Cyber Risk Prevention

  • Do not use the same password for your accounts, important accounts such as online banking, financial services or online purchases with your credit should have different passwords.
  • Install security software that is designed for your specific business.
  • Only connect to the Internet over secure, password- protected networks.
  • Don’t collect information that you don’t need.
  • Reduce the number of places where you store information.
  • Only connect to the Internet over secure, password- protected networks.
  • Don’t store important information on lap-tops.
  • Password protect your important documents.
  • Review bank and credit card statements monthly.
  • Having the company’s database on a different web server than the application server.
  • Never email information on an unsecured Wi-Fi  network.

If you have a standard business policy you may not have the right kind of coverage. Let us work with you to provide the right coverage. When you work with North Bay Insurance Brokers, Inc., you’ll experience the exceptional service and attention to detail that you can only find with an independent insurance agency.

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