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DATA BREACH EXPOSURES          &    CYBER LIABILITY
OVERVIEW – DATA BREACH DEFINEDLoss, theft, accidental release or accidental publication of PersonallyIdentifiable Informat...
OVERVIEW – MOST COMMON BREACH OCCURRENCES • Unauthorized Computer access – data management system has be   hacked • Stolen...
OVERVIEW – WHO NEEDS DATA BREACH COVERAGEAny business that handles or stores private information of customers, patients or...
INSURANCE IS NOW AVAILABLECoverage includes… • 1st Party costs (our initial out of pocket expenses) • 3rd Party actions (l...
COVERAGE DETAILS – 1ST PARTY RESPONSEEXPENSESCoverage can include… • Notification Expenses (additional labor hours and mai...
COVERAGE DETAILS – 3RD PARTY DEFENSE &LIABILITY EXPENSESWhen action is brought against you from a third party – Data Breac...
LOSS CONTROL SERVICESHot lines and websites are normally provided to manage the risk of loss. • Tips and resources to help...
Feel free to contact me with any questions…         Dan Zeiler         dan@zeiler.com         Direct Line: 708.293.5500   ...
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Data Breach Slide Show

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Data Breach Exposure and Cyber Liability

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Data Breach Slide Show

  1. 1. DATA BREACH EXPOSURES & CYBER LIABILITY
  2. 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. 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. 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. 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. 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. 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. 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. 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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