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CYBER LIABILITY INSURANCE


THE IMPORTANCE OF CYBER INSURANCE         

If you asked business owners to name their top three assets, it is very likely that every one of them would mention their data in that top three. From social security numbers to credit card information, all companies hold sensitive data. There are massive consequences if this data is not protected.

What is a cyber risk? A cyber risk is the potential for electronic equipment to fail and for sensitive electronic data to be stolen and/or leaked, resulting in expensive cleanup tactics. Cyber risks come in many forms, often resulting in the liability of your business to take care of such threats.


CLAIMS EXAMPLES           

"Hackers broke into Ohio State University’s servers and stole information about 760,000 people. This information including names, addresses, dates of birth, credit card numbers, and social security numbers. The University suffered over $4M in expenses related to breach notification, investigating consulting, and credit card security. The $4M does not include any regulatory fines, penalties, or legal costs the university may have suffered."

"In 2012, Utah Department of Health confirmed that a server containing personal health information (PHI) of some 780,000 patients had been actively hacked into starting in March. Officials reported that thieves had begun removing information from the server. Addresses,
dates of birth, Social Security numbers, diagnoses codes, national provider identification numbers, billing codes and taxpayer identification numbers were all included on the server. The Utah breach stands as the 9th largest data breach ever reported to the HHS."

"Hackers were able to get into St. Ambrose Cathedral’s network and steal $680,000 of funds raised for homeless and abused women. Every day, cyber attackers from all around the world work on taking account details to fraudulently transfer money abroad. In this case, the funds and the perpetrators were never found."


WHY HEALTHCARE ORGANIZATIONS NEED CYBER INSURANCE

Every day, your healthcare organization stores and transfers large amounts of electronic information. Patient records, test results, and vital internal information is stored on your systems. If you have a security breach and this information is exposed, the cost of a third party lawsuit can be staggering.

Click here to read more about why your healthcare organization needs Cyber Insurance.


           
    
           

           

WHY ADDICTION TREATMENT & BEHAVIORAL HEALTH ORGANIZATIONS NEED CYBER INSURANCE
            

Every day as an Addiction Treatment & Behavioral Center Organization, you store and transfer large amounts of sensitive information. Client records, test results, and vital internal information is stored on your systems. If you have a security breach and this information is exposed, the cost of a third party lawsuit can be staggering.

Click here to read more about why your Addiction Treatment & Behavioral Health organization needs Cyber insurance.          

           


WHY ACADEMIC INSTITUTIONS NEED CYBER INSURANCE           

Your school’s valuable data is hosted on your network or in the cloud. Both are vulnerable to hacking attacks, phishing attempts, and viruses. Hackers can take down your systems, steal information, and sell it on the black market.

Click here to read more about why your academic institution needs Cyber Insurance.


WHY RELIGIOUS INSTITUTIONS NEED CYBER INSURANCE                       

Criminals make attempts to steal money from religious institutions through unauthorized electronic fund transfers, phishing, cyber extortion, and identity theft. It is usually as simple as accidental human error of the financially responsible individual at your religious institution.

Click here to read more about why your religious institution needs Cyber Insurance.

CYBER RISK PORTAL           

As a part of your policy, you will have full access to Evolve Cyber Risk Management Portal. The portal contains a collection of tools, tips, latest news to keep you up-to-date on all the latest cyber developments, and details on who you should call in the event of a claim.
           
By purchasing a cyber policy, your premium dollars are attributed directly towards discounted access to some of the top data security providers in the country!
Click here to read about Risk Management Perks

Cyber Liability insurance can help limit the financial damages your business experiences after an attack or other damaging cyber events.

Click the button on the right or call us at (323) 571-0127 to get your Cyber Insurance application started.

                       
                       
  
                                   
  

 
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Boldt Risk Management Solutions

            4929 Wilshire Blvd, Suite 700
Los Angeles, CA 90010
Phone: (323) 571-0127
CA License#: 0F41800
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