Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
Wireless Security
DDoS Protection Powered By Verisign
Average Rating:
Rate this article:  
Are You Taking a Gamble with Enterprise Assets at Risk?

Are You Taking a Gamble with Enterprise Assets at Risk?
By David Turkaleski

Share
Share on Facebook Share on Twitter Share on Linkedin Share on Google Plus

With valuable computer assets and data susceptible to loss and theft every day, relying on software, good luck or conventional insurance can be a real gamble. Author and insurance expert David Turkaleski explains how cyber-liability coverage can help protect against everything from a lost laptop to a data breach affecting thousands of customers.
 


(Page 3 of 3)

Those protections cover not only reporting, but litigation expenses from setbacks such as identity theft and lost business as a result of the breach. The legal exposure can be more severe if the breach came from within the company, as was the case in 21 percent of events in 2013 reported by executives surveyed by the security company PCW.

When small companies concentrate resources on updating their systems with emerging technology for efficiency, but not always for increased security, it is essential to have the right policy to fill in the gaps of other coverage and protect against a catastrophic breach event. Consider for example, the breach that hit the ironically named retailer Target earlier this year, costing the company millions, and sending profits in the fourth quarter down 46 percent. Professional network LinkedIn, Yahoo! and even dating site eHarmony have also been breached.

Coverage Lagging

Yet despite the clear advantages of cyber-liability protection, nearly two-thirds of public companies aren’t taking advantage of it, according to a survey by Chubb and other sources. It’s not that they don’t believe they’ll be hacked. In fact, 71 percent of companies surveyed said they do have a risk plan to deal with potential threats.

For 57 percent of decision-makers, however, their current plan doesn't include cyber-liability coverage. That means they could potentially be betting their future, or at least millions in assets, on malware analysis and deep-packet inspection. The gamble goes on while hackers and cyberthieves continuously up their game by sharing tools and exploits.

Hopefully, they won’t have to revise that strategy by learning the hard way.

Author David Turkaleski is director of Commercial Insurance at Clements Worldwide, the leading provider of international insurance solutions for individuals and international organizations.
< Previous Page  |  1  |  2  |  3

 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Wireless Security
1.   Aruba Handles Black Hat with Aplomb
2.   Supervalu Suffers a Data Breach
3.   Accused Russian Hacker Arraigned
4.   CloudFlare To Offer Free Encryptions
5.   Black Hat: Security Threats Aplenty


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Cost of Target Data Breach: $148 Million Plus Loss of Trust
The now infamous Target data breach is still costing the company -- and its shareholders -- plenty. In fact, the retailing giant forecast the December 2013 incident cost shareholders $148 million.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 
Chinese Hackers Nab Info on Millions of U.S. Patients
A group of Chinese hackers has stolen the personal information, including names and Social Security numbers, of about 4.5 million patients at hospitals operated by Community Health Systems.
 

Enterprise Hardware Spotlight
Three New Lenovo PCs Aimed at Business Users
Businesses everywhere want computing solutions that do more for less money, and Lenovo has unveiled three new desktop PCs that offer solid computing at a budget-minded price.
 
Aruba Networks Handles Black Hat with Aplomb
It's not an easy job. Aruba Networks' task throughout the Black Hat USA conference in Las Vegas this month was to ensure thousands of attendees could connect without malicious attacks.
 
Compression, Deduplication Come to Violin Concerto 2200
Violin Memory has announced that data deduplication and compression capabilities are now available on its Concerto 2200 solution. Typically, users will experience deduplication rates between 6:1 and 10:1.
 

Mobile Technology Spotlight
Apple Stock Soars Ahead of iPhone 6 Launch
The imminent release of the iPhone 6 -- and maybe even an iWatch -- has sent Apple's stock soaring to new heights. Considering what else the firm could have up its sleeve -- the stratosphere may be the limit.
 
HTC Debuts Windows Phone Version of One M8 Smartphone
HTC is bringing the Windows Phone mobile OS to its flagship One M8 device -- the first time any mainstream flagship smartphone has been offered with a choice of operating systems.
 
Verizon Earns Top Rating in Mobile Network Comparison
A new report says Verizon Wireless was the top-performing U.S. cellphone service provider in the first half of 2014, on a nationwide and state-by-state basis, as well as in metro areas.
 

Navigation
CRM Daily
Home/Top News | CRM Systems | Customer Service | Contact Centers | Business Intelligence | Sales & Marketing | Customer Data | CRM Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.