Do you think you have no exposure?
- Restaurant point of sale machines breached – cardholders became ID theft victims – affected 1,000 card holders
- Real estate agency is sued by e-commerce organization. Agency computers were attacked by malware virus which attacked e-commerce firm’s servers – $50,000 defense costs – $30,000 in damages
- Retail appliance store keeps names, addresses, phone numbers and spending habits of customers. A hacker gains access to information and sells it. $10,000 defense costs and State Fine $30,000
- Small family restaurant found they unintentionally stored credit card numbers in their point of sale system. Payment card processor demanded indemnification for fines assessed by credit card companies who alleged data breach. Payment card processor withdrew $10,000 from restaurant bank account and sued them for $80,000
Yes, even small business is open to lawsuits because their computer systems and processing is easier to hack by criminals. Just think of all the data you have or that passes through your business. Can you afford to pay $30,000, $50,000, $90,000 or more for data breaches?
New Data & Cyber Breach policies are available, and are reasonably priced. They cover the above issues and more and would be in separate from your South Carolina business insurance policy.
Contact Ken Groff today at kgroff@beaconinsgroup.com or 843-706-3690 for an indication or quote!
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