Learn How to Protect Your Data During National Cybersecurity Awareness Month

Contact Us
cybersecurity awareness

Learn How to Protect Your Data During National Cybersecurity Awareness Month

In honor of National Cybersecurity Awareness Month this October, Ryan Arnoldy shares some information on what every business and person should know to keep data protected.

Why is Cybersecurity so important in insurance?:

Any business that maintains data on their clients and employees has exposure and has the responsibility to safeguard that data. To better understand how Cybersecurity works we should break down how most Cyber policies are structured. The majority contain what’s called First Party and Third Party liability. First Party provides the insured, or company that purchases the policy, coverage for mitigation, or ‘cleanup costs’, associated with breach. Third Party provides coverage for legal action filed against the insured from the person or company that suffered the breach.

Here’s a few quick examples:

First Party
• Forensic IT Review: Cost for a professional information technologist to review the nature and extent of the compromise.
• Notification: Necessary and reasonable costs to provide notification of the personal data compromise to affected individuals or companies.
• Services to Affected Parties: Cost to provide credit monitoring and identity restoration services to the affected people.
• Regulatory Fines and Penalties: Fines that a government body would impose on you for not taking proper measures to prevent the release of information.

Third Party
• Data Compromise Liability: Provides coverage in the event you are sued for a breach of personal information.
• Network Security Liability: Provides coverage for a lawsuit against you claiming your computer network’s security was not up to standard.

In my humble opinion the expensive part comes in the form of fines and notification. Most states have laws in place that require you to notify affected individuals that their information was compromised that you will provide a credit monitoring service. Costs for this can run in the hundreds of thousands of dollars, even for a small to medium size business. Most general lability policies will not cover this.

The state of Wisconsin requires notification if any of the following is obtained:
• Social Security Number
• Drivers’ License Number
• Financial account number
• DNA profile
• Any unique biometric data including fingerprint, voiceprint, retina or iris image.

Wisconsin requires any business that suffered a breach to notify the affected individuals within 45 days of discovery. If the breach affected more than 1,000 individuals that business must also notify the major credit bureaus an behalf of each person affected.

How does Marshfield Insurance protect its members?:
An assessment is provided on each commercial policy upon inception or renewal to determine the extent of your exposure. A recommendation is then made on what level of coverage would be best. We also have free online workshops developed by our carrier partners. These can help our customers understand the full extent of their exposure and the responsibilities they have.

What are some basic steps people can take to protect their cyber information?:
Honestly, I am amazed by the amount of personal information that people will put on their phones. The easiest way to protect yourself is to limit the amount of stuff you have on your device. Get rid of any contacts, pictures, or emails unless they’re absolutely necessary. If your phone is stolen, and all the above mentioned is on there, a hacker will look at that and know everything about your life in 30 seconds. GET RID OF IT!

Share this post?


Leave a Reply


Agen Bandar Togel Online-Judi Slot Online Hoki 100%

Situs Toto Togel Tersedia Togel Online Resmi Hingga Idn Slot Terpercaya

Toto Online Macau Jackpot 10 Juta Bandar Togel 4D Terpercaya

Toto Macau Daftar Bandar Togel Online Hadiah Jackpot 4D 10 Juta Terlengkap

Bandar Togel Online Hadiah 10 Juta Rupiah Coloktoto Agen Toto 4D Terpercaya

LAETOTO Daftar Togel Online Dengan Pasang Togel Deposit Pulsa

LAETOTO Situs Slot Gacor dan Togel Online 4D Terpercaya

bandar togel terpercaya

daftar toto togel online terbaik bet 100 perak

bandar togel terpercaya

Daftar Situs Togel Online Terpercaya Hadiah Togel 4D 20 Juta

situs togel online terpercaya hadiah togel 4d 20 juta

daftar judi togel online via dana terpercaya

situs toto togel online resmi terpercaya

situs bo togel toto slot 4d bandar togel bet 100 perak

toto togel lengkap bandar judi togel online dan slot gacor 4d

togel online terpercaya

bandar togel online

Agen Togel Terpercaya Terlengkap Hadiah 4D 10 Juta

Bandar Togel 4d Pasaran Judi Togel Toto Terlengkap

Agen Togel Bet 100 Perak Hadiah Togel 4D Terbesar

bo togel terpercaya

Bandar Judi Togel Online 4D Hadiah 10 Juta

toto togel



Togel Deposit Pulsa

situs togel 6d


Situs Toto Togel Agen Slot88 Gacor 4D Deposit Pulsa Murah

Situs Togel 4D Hadiah 10 Juta Situs Bandar Togel Online Terpercaya Daftar Situs Togel Online Deposit 10Rb

Daftar Togel Online Terpercaya Dan Terbaik Nomer 1 Tahun 2022

Bandar Togel Online Bet 100 Perak Situs Togel Terpercaya Deposit 10Rb Togel Online Terpercaya Hadiah 4D 10 Juta


Situs Judi Togel 4D Agen Slot888 Gacor Terlengkap Hadiah Togel Online 4D 10 Juta Terpercaya



Bandar Togel Online Terlengkap Hadiah Jackpot Togel 4D 10 Juta

Situs Bandar Judi Bola Online Resmi Piala Dunia 2022 Terlengkap

Situs Togel Online Terpercaya & Slot Gacor

Situs Togel Resmi Bandar Judi Togel Online Terpercaya 2022

Bandar Togel 4D Pasaran Judi Toto Terlengkap Dan Terbesar

Daftar Situs Togel Online Terbaik Dan Bandar Toto 4D Deposit Via Pulsa

Bandar Togel Online Jackpot 4D Terbesar Dari Situs Toto Macau