Cyber insurance is becoming more important for businesses

Cyber Insurance Coverage

Fallout from major data breach at Anthem highlights the need for cyber insurance Following the major cyber attack against health insurance provider Anthem, numerous insurers are beginning to promote cyber insurance. Last week, Anthem confirmed that it was the victim of a major data breach, wherein hackers stole personal information concerning the company’s clients from its databases. Anthem noted that no financial information was compromised by the attack, but more insurers are beginning to stress the importance of adequate cyber insurance protection. Oklahoma Insurance Commissioner is promoting digital protection In…

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Identity theft insurance recommended for some Anthem customers

Identity Theft insurance

After the huge cyber attack that caused a data breach at the insurer, agents are recommending protection. At the end of last week, Anthem revealed that it had experienced a massive cyber attack in which up to 80 million customers may have had their sensitive information compromised, and now agents are recommending that identity theft insurance be purchased in order to protect against the type of damage that those cyber criminals could potentially inflict. The customers whose data was exposed in the hack could have their ID stolen, which could…

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Businesses need more than cyber insurance

identity theft cyber insurance

The world is becoming more integrated with technology and this is beginning to change the way the insurance business works. With businesses beginning to enter into the digital space in order to more effectively engage consumers, the need to protect themselves from cyber attacks is beginning to increase. Many businesses to not take the steps necessary to protect themselves from digital threats, so insurers are beginning to serve as a safety net, but even the insurance industry cannot protect companies from every threat in the digital world. The digital risks…

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What are the Benefits of Identity Theft Insurance?

Identity Theft Insurance

Why should I get identity theft insurance? While others say that a subscription to credit monitoring is way better than having identity theft insurance, they obviously haven’t looked at the perks and the importance of identity theft insurance.  Credit monitoring should be taken for its literal meaning.  The word really stands for what it does.  But after finding out that your identity has been stolen, you are primarily liable for clearing up the charges on your credit card.  Yes, of course, your name can be cleared, but just think about…

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Identity Fraud, Inc. insurance news made with launch of new small business product

Identity Theft Insurance

Identity Fraud, Inc. used the 2012 ETA Annual Meeting & Expo as the venue for the announcement of its latest insurance news, with the unveiling of its SB Core Protector product. This new product is designed to combine the “top ten” solutions for data theft risk management for small businesses, for preventing, resolving related issues, and providing vital insurance resources. It offers its policyholders five prevention components for security risk in a layered, proactive way. It also offers three forms of insurance against data theft, as well as two services…

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Tips to keep your personal data secure throughout tax season

When tax season comes around, there is already a great deal of stress on people’s minds, especially when they receive a communication of any form from the Internal Revenue Service, but the internet – while adding a great deal of convenience – has opened up a whole new world or risk as online criminals try to hook victims with phishing tactics at this time of year. These criminals prey on their victims by using the fear that is high at this time of year to obtain information that these individuals…

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Nationwide expands its identity theft insurance policies in an attempt to combat the threat of cybercrime

As insurers are growing more concerned with the threats posed by cybercrime, they are looking for ways to mitigate any damage that may be caused. Nationwide Insurance has announced that it will be expanding its identity theft insurance policies that offer protections for personal information kept on home computers. The insurer is now offering free access to security software for those with appropriate insurance policies. Nationwide hopes that this will provide another layer of protection for consumers and cut down on instances of cybercrime. According to the Bureau of Justice…

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Markel launches new DataBreach plan to help health care providers defend themselves against cybercrime

Markel Insurance Co. has launched a new line of insurance coverage for health care providers. The new coverage provides protections against cybercrime and hacking. The Affordable Care Act requires that an individual’s medical and insurance information be stored electronically as part of a state-run insurance exchange. The exchange system is designed to give consumers access to affordable insurance coverage, but their information may be the target of hackers eager to test the defenses of the new system. U.S. companies became acutely aware of the dangers inherent in the digital world…

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TD Insurance enables customers with identity theft-busting tools

TD Insurance Inc. has announced that it is taking steps to make it simpler for its customers to monitor their own accounts so that they have added protection against identity theft. The insurer, which is among the top 10 bank-owned insurance agency and brokerage firms in the country, as well as TD Bank, “America’s Most Convenient Bank”, are offering their customers the use of the ITAC Sentinel Plus program. Its features include the following: • Daily surveillance of debit and credit card accounts over the internet, with additional monitoring of…

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Cyber security a major issue for the U.S. according to inquisitive task force

Cyber security is a growing area of concern in the business world. A number of major attacks have shown the danger of having lackluster protection and has cost some companies millions of dollars. The damage wrought from these attacks in not only shouldered by the targeted companies, however, they have also produced grievous financial wounds on consumers who had their identities and financial information compromised in the attacks. A Congressional task force, which was tasked with the duty of investigating the importance of cyber security, has released recommendations to lawmakers…

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