What is a data breach?   A data breach is a security incident in which sensitive, protected or confidential data is copied, transmitted, viewed, stolen or used by an individual unauthorized to do so. Data breaches may involve financial information such as credit card or bank details, personal health information, and trade secrets of corporations or intellectual property. The cost for mandatory notification, providing credit monitoring & credit repair expense for individuals impacted by a breach could be crippling to a business.
Could your business be at risk?  Unfortunately, the answer is “yes.” These security breaches are becoming increasingly more common as our culture becomes more wireless, digital, and paperless.  A majority of our daily transactions now occur online. However, businesses today can protect their business and their clients from these unwanted risks with the right insurance and coverage.  Watch this informative video on Data Breach Coverage in order to better understand how to protect your business from this liability.