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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Should More States Help Agents Find Insurance Leads?

Last month, California made headlines when Covered California handed out thousands of consumer’s information to insurance agents without their expressed interest to be contacted. According to LA Times reporter Chad Terhune, the names given were of people who had signed up on the Covered California website, but had not finished the enrollment process. Was this an act of assistance on the part of the state or a complete breach of privacy? The larger question is “should other states follow suit?” Why Use an Insurance Lead Company? Generally, insurance agents find…

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How to Avoid Identity Theft While Signing Up for Obamacare

Identity Theft insurance

A woman from St. Louis was reportedly told by the customer service department behind Healthcare.gov that three different people used her address, social security number, and account password. After she was clearly disgusted by the situation, administrators made it worse by saying it will take five days to get her personal information offline, detailed a News 4 official report. ObamaCare Shutdown, Again The Affordable Health Care Act, commonly known as ObamaCare, has had its share of glitches and hold-ups. Fox News detailed a Nov 3rd shutdown for three days, when…

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How ID Theft Can Unexpectedly Cause Higher Health Premiums

If we consider how ubiquitous the almighty credit card is these days, it’s not that hard to believe that we are well on our way to becoming a mostly cashless society. Unfortunately, this also means that ID theft and credit card fraud are steadily on the rise. The very real problem of identity theft can wreak havoc on an individual’s credit score. It could also quite possibly lead to expensive health insurance. The proliferation of credit cards and the people who use them in their daily lives placed more importance…

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Insurance news from Nationwide underscores corporate liability risk

Cyber Insurance policies commissioners industry

The computer breach faced by the insurer highlights the chance of exposure from cybercrime. The insurance news that revealed a computer breach to Nationwide’s systems that resulted in the exposure of 1.1 million individuals to identity fraud has underscored the type of cybercrime that businesses are now worried will cause them to face a growing number of civil court actions. The insurer first went public with the announcement of the cyber attack on November 5. However, the initial breach had occurred on October 3 and impacted by that company and…

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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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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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Insurance groups warns companies to take cyber attacks seriously and protect themselves accordingly

As “hacktivism” becomes a major concern for companies all over the world who manage electronic data, the need for insurance protection against cyber attacks is becoming more apparent. Sihle Insurange Group, a Florida-based insurance organization, has begun a campaign to promote this type of protection. The insurer is warning companies in the U.S. that they need to be more proactive about their security lest they fall prey to hackers looking to cause a bit of mischief. Even a hacker looking for a laugh at the expense of others can cause…

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