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Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
Data Breach Slide Show
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Data Breach Slide Show

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Data Breach Exposure and Cyber Liability

Data Breach Exposure and Cyber Liability

Published in: Business, Economy & Finance
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  • 1. DATA BREACH EXPOSURES & CYBER LIABILITY
  • 2. OVERVIEW – DATA BREACH DEFINEDLoss, theft, accidental release or accidental publication of PersonallyIdentifiable Information (PII) including: • Name & Addresses • Dates of Birth • Social security numbers • Bank account numbers • Credit Card detail • Driver’s license numbers • Patient history and any medical records
  • 3. OVERVIEW – MOST COMMON BREACH OCCURRENCES • Unauthorized Computer access – data management system has be hacked • Stolen or lost laptops or computer disks • Stolen credit card information • Stolen or lost paper files
  • 4. OVERVIEW – WHO NEEDS DATA BREACH COVERAGEAny business that handles or stores private information of customers, patients oremployees.Key industries include: • Professional Services: Lawyers, Accountants, Insurance Agents, anybody in the Financial Service Industry • Healthcare Providers • Retailers & Restaurants based on the significant number of debit and credit card transactions
  • 5. INSURANCE IS NOW AVAILABLECoverage includes… • 1st Party costs (our initial out of pocket expenses) • 3rd Party actions (liability from any negligence) • Risk Management Services
  • 6. COVERAGE DETAILS – 1ST PARTY RESPONSEEXPENSESCoverage can include… • Notification Expenses (additional labor hours and mailings) • Services for the impacted individuals (credit monitoring, help lines) • Legal & Forensic Services (who done it) • Good Faith Advertising and Crisis Management (we’re sorry)
  • 7. COVERAGE DETAILS – 3RD PARTY DEFENSE &LIABILITY EXPENSESWhen action is brought against you from a third party – Data Breach coverage wouldinclude. • Defense Costs • Awards • Available Limits: most companies start at $50,000
  • 8. LOSS CONTROL SERVICESHot lines and websites are normally provided to manage the risk of loss. • Tips and resources to help businesses minimize the chance for a breach and tips on protecting personal information • Detail provided for any statutes regulating businesses responsibilities • Information on how to create a data breach incident response plan • Guidance on what needs to be done if a breach occurs
  • 9. Feel free to contact me with any questions… Dan Zeiler dan@zeiler.com Direct Line: 708.293.5500 Zeiler Insurance Services, Inc. 12159 S. Pulaski Road Alsip, IL 60803 www.zeiler.com

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