Porter-Brandenburg Agency, Inc. Home Page

 

CyberspaceThe threat of identity and financial theft is growing. Large companies have faced significant breaches with their customers' credit card information or Social Security numbers being leaked to the Internet. Accounts have been hacked. If these large companies, with the high level of tech security in place, can still suffer a threat like this, it's likely your small business is at risk as well. Take a look at your business insurance. Do you have cyber liability protection?

What are the Risks?

Cyber threats are growing in terms of the number any business may face. These are hacks that get around complex security systems and firewalls. In many cases, your business will not know they happened until it is too late to stop it. And you may be faced with needing to deal with the liability risk right now, long before you try and figure out what happened.

  • Your confidential business information may be exposed
  • Your customers' financial information may be shared
  • Your customers' Social Security numbers may have been stolen

Someone may be able to use this information for their own financial gain. More common is the sale of this financial information and identification details to thieves on the other side of the globe. When this occurs, your business is left to pick up the pieces.

Paying for the Financial Liability

When you have cyber liability insurance, you minimize these financial risks to your company. This type of business insurance can help to cover any type of litigation against your company from those whose identity or financial information is stolen. In addition, this can also provide coverage for the forensic assistance necessary to determine what happened and who is responsible. Some policies also offer free data security risk management services for those who suffered loss, such as your customers.

Business insurance should cover cyber liability risks. Even if your business isn't in the cloud, credit card transactions can easily be compromised. Even with the most sensitive security in place, your company could see significant loss from a single instance of data breach. Take action to ensure you have ample coverage in place to cover the ongoing risks associated with cyber threats.

We’ll help protect your company’s interests. Call Porter-Brandenburg Agency at (972) 234-5588 for more information on Dallas business insurance.

What are some measures your business has taken to boost digital security? Let us know in the comments section below.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Independent Insurance Agent   Trusted Choice   CPCU Society   Chartered Life Underwriter

Quick Links Porter-Brandenburg Agency, Inc Meet Us Online
Home
About Us
Products
Get A Quote
Customer Service
Our Companies
Insurance Tips
Contact Us
12160 Abrams Rd, Suite 107
Dallas, TX 75243
972.234.5588 Local | 888.246.9291 Toll Free
972.234.5311 Fax
Facebook Twitter LinkedIn Google Maps Yelp RSS Blog feed

Powered by Insurance Website Builder