1. Failing to Prepare for Cyberthreats Can Prove Costly

    Failing to Prepare for Cyberthreats Can Prove Costly

    When hackers gained access to a large retailer’s computer network through scam emails to employees, more than 900 store locations were affected, and 2 million customers were impacted before the company was alerted by a security blogger six months later. That led to several class-action lawsuits against the company, attorney generals in multiple states opened investigations, and the affected credit-card companies issued fines.

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  2. Quotes

    1. That's where insurance comes in, to mitigate the cost of a claim.
    2. Network-security liability is a coverage that will provide defense and settlement costs in the event a third-party claimant sues the insured over a failure to secure their own computer system.
    3. They've gotten a little more sophisticated in recent years.
    4. It's something that is out there, and everyone can be impacted by it, no matter how small or how big they may be.
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