Newsletters
Customer Relationship Management News NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home CRM Systems Customer Service Contact Centers Business Intelligence More Topics...
APC Free White Paper
Optimize your network investment &
Enter to win a Samsung Galaxy Note

www.apc.com
Data Security
24/7/365 Network Uptime!
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
May 9, 2014 9:58AM

Bookmark and Share
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.


 Data Security
1.   Tor Internet Privacy Service Breached
2.   Tor Working To Fix Security Exploit
3.   Protect Yourself from Identity Theft
4.   Hackers Breached StubHub Accounts
5.   Juniper DDoS for High-IQ Networks


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

Network Security Spotlight
Tor Internet Privacy Service Warns Users It Was Breached
You may never have heard of the Tor Project, but the Internet privacy service is making headlines. Tor’s devs say users might be victims of an attack launched against the project earlier this year.
 
Canadian Government Charges China With Cyberattack
The government of Canada is not happy with China. Canadian officials have accused "a highly sophisticated Chinese state-sponsored actor" of launching a cyberattack on its National Research Council.
 
Researchers Working To Fix Tor Security Exploit
Developers for the Tor privacy browser are scrambling to fix a bug revealed Monday that researchers say could allow hackers, or government surveillance agencies, to track users online.
 

Enterprise Hardware Spotlight
Apple Updates MacBook Pros, Cuts Prices Up to $100
The popular MacBook Pro laptop line just got an update and a price cut of as much as $100. The MacBook Pro with Retina display now includes faster processors and double the memory.
 
Dell, BlackBerry Not Sweating Apple-IBM Alliance
IBM's recent move to partner with Apple to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
 
Watson Gets His First Customer Service Gig
Since appearing on Jeopardy, IBM's Watson supercomputer has been making a living using his super-intelligent knowledge base for business verticals. Now, Watson's been hired for his first customer service job.
 

Mobile Technology Spotlight
Virgin Mobile Offers Custom Smartphone Plans
As the wireless carrier wars continue heating up, Virgin Mobile just threw the customization coal onto the fire. The firm has debuted a no-annual-contract plan with rates based on individual use.
 
Collaboration Provider Asana Revamps Mobile App
Asana, a collaboration software provider started by a Facebook founder, is now out with a rebuilt native iOS mobile app. It replaces one that even the company admits was not up to par.
 
Facebook: You Will Use Messenger, and You Will Like It
Starting this week, Facebook users with Android and iOS phones will be forced to use the separate Messenger app to send Facebook messages. Pending messages will still be visible in the main app.
 

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.