On Jan. 15, hackers breached the internal network of Zappos.com and made off with private account information belonging to the online shoe retailer's 24 million customers. Less than 48 hours later, the first lawsuit was filed: a class action suit seeking compensation from Zappos (and its parent company, Amazon) for damages to the affected customers.
The growing threat of identity theft and the high costs associated with a data breach are making contractors increasingly aware of the importance of robust network security and data breach controls, but many contractors do not realize that their vendors’ data security protocols are equally important.
To prepare for the unexpected, you should review your security and disaster readiness plans to help you minimize the impact of any potentially threatening situation.
When it comes to a data security breach, it isn’t as much a matter of if it will happen as when.
So when a breach happens, you’ll need comprehensive protection from an insurer that specializes in handling cyber risks, offers a full suite of integrated insurance solutions to help minimize gaps in coverage, and understands how to tailor coverage to your business.
With the popularity of social networks skyrocketing, many people – including employers – are beginning to worry about security. Though these websites started off as personal networking tools, they are quickly becoming commonplace for businesses, too.
