Cyber Liability & Data Breach

Did you know that over 40% of all cyber attacks happen in businesses with less than 250 employees? Did you also know most data breaches involve an employee mistake? Can your business afford the cost of a data breach from notifications to victims including credit monitoring, legal assistance, forensics to determine the source of the breach, public relations issues, and regulatory concerns from governmental claims? Attached is a short questionnaire to help you determine your exposures.

 

Are you at risk? Can your business survive a breach? Call the Helwig Agency today to learn more about data breach and possible solutions.

 

Business Cyber Assessment

Take the Travelers vulnerability test here! 

  • How well do you know your business' cyber exposures?

    FACT: If you checked any of the above, your organization is in control of “Personally Identifiable Information,” and therefore, required to protect that data subject to State and Federal privacy and data breach notification laws.
    FACT: Most data breaches involve an employee mistake. They can lose a mobile device, laptop or paper records, or make costly errors such as opening an unauthorized email containing malware. In addition, they can even intentionally steal data.
    FACT: Material posted electronically, or in written format, may lead to copyright or trademark infringement, or defamation litigation. If the website is transactional, additional exposures include possible hacking or disruption of your business via denial of service attacks.
    FACT: Businesses in possession of personally identifiable information may be held liable for privacy breaches caused by their vendors or other third parties. As the owner of the data, your business is ultimately responsible for protecting it.
    FACT: Businesses in possession of personally identifiable information may be held liable for privacy breaches caused by their vendors or other third parties. As the owner of the data, your business is ultimately responsible for protecting it.
    FACT: Over 25% of all data stolen is credit card and other payment information.2 This is a category of data that is highly desired by criminals for resale on the black market.
    FACT: Personal devices may not have the same security software and other connectivity procedures as company-provided devices. As a result, when these personal devices are connected to your network, there may be a higher exposure to virus or malware threats.
    FACT: Employee negligence and/or errors are one of the top three contributors of lost/stolen data.3
    FACT: Companies face liability for failing to protect their customers’ and business partners’ confidential information.
    FACT: Travelers Travelers’ eRisk Hub ® is an information portal to help your business successfully prevent and respond to cyber events. It includes reference material, news updates and other tools, as well as access to a Breach Coach ® for a 30-minute consultation if you have a data breach event.

  • If you answered “yes” to one or more of questions 1–9, your business has exposures which may lead to cyber-related claims or suits. Can you afford to self-insure these exposures? At Travelers, we understand the complexity of cyber threats and have solutions to help protect your assets. Regardless of your business’ size or industry, we have a cyber insurance solution to fit your needs.

    To learn more about our cyber capabilities, visit travelers.com/cyber or contact your Travelers representative or independent agent.
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