https://www.youtube.com/watch?v=oZNMq9c6L48
California businesses and government agencies have experienced 300 separate data breaches exposing the personal information of more than 20 million customer accounts. Cyber security is a key focus on our state’s top crime-fighting. Call us today and get your business protected with Cyber Liability Insurance! 1-888-724-2124
Good Afternoon, I’m George Francis President and CEO of Alta Vista Insurance Agency. Today I was going to do an article on “Business Income.” But I changed my mind after reading many articles in the various trade magazines I get, and from looking at a news article in today’s paper from the attorney general for the state of California, Carmella Harris. She indicated in the past year they had 300 separate data breach incidents reported to her office. Which is a 30% increase over 2012. It impacted over 20,000,000 people. And this doesn’t include Target and Neiman Marcus (data breaches), which you know about.
Data Breach impacts smaller companies as well. Our agency had 2 computers impacted by malware where they locked up the computer and demanded that we pay $300 for them to unlock it, or they would destroy the data on the computer. Luckily our IT guy was able to get rid of the (bad) information.
That’s kidnapping. And that happens all the time. But in addition to that, all of the data in your system is vulnerable. So we highly recommend that you talk to your insurance professional, or give us a call because data breach liability insurance is available.
One of the questions that you may want to ask yourself is, “Can you afford $50-$150 to notify every single person in your data base that’s been breached?” It’s a significant amount of money and it’s required.
I want to thank you, and I look forward to talking to you in the future. If you have any questions, please give me a call 1-888-724-2124.
