Tag: data breach insurance

Five Types of Business Insurance You Should Have

Guest Author
Business Insurance

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

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Cyber insurance became increasingly popular last year

cyber insurance

A Marsh study showed that the demand for this protection increased considerably in 2012. According to a report issued by Marsh Inc., the broker and risk adviser, the demand for coverage with cyber liability insurance increased as a growing number of businesses purchased the protection. The average policy limits that were taken out also increased during last year, said the report. The number of clients of FINPRO at Marsh that took out cyber insurance last year increased by 33.3 percent over the number from the year before. This, according to…

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Cyber insurance increasingly important in Australia

Insurance Industry - Bank Heist

Businesses are experiencing a growing number of targeted attacks within that country. A newly released government report in Australia has shown that there is a rapid rise in the number of data breaches among organizations in the country, which suggests that there may be a growing need for cyber insurance. Over one fifth of companies that the government surveyed stated that they had been targeted last year. There were 255 companies that participated in the government survey, and one in every five said that within the last year, they had…

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OneBeacon teams with Equifax to provide data breach coverage

S.Vagus
usage based insurance data security

OneBeacon announces partnership with Equifax to protect against hackers OneBeacon Professional Insurance, a division of the OneBeacon Insurance Group, has announced that it is updating its Network Security and Privacy Liability Policy. The insurer has teamed with Equifax, a leading consumer credit reporting agency, to provide data breach services to its policy. Data breach is becoming a very serious issue for large companies that have a wealth of consumer information stored in servers. If this information were to be stolen by a hacker or otherwise compromised, it could mean serious…

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Cyber insurance now offered for protection against social media hackers

Social Media cyber insurance

Facebook and Twitter account attacks are causing notable damage, but coverage is now available. A company in the United Kingdom has just released a first of its kind form of cyber insurance in order to help protect against hackers that break into Facebook and Twitter accounts. This social media coverage is the first of this nature in the U.K. The policy provides services that are geared specifically toward protecting against damage to a reputation, identity theft, and hijacked accounts. This has made insurance news across the country and around the…

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