tags: Cyber Liability

February 24, 2016

The Who, What, & Why of Cyber Liability

Who Needs Cyber Liability Coverage? Any communications company engaged in providing computer services, Internet services or those companies using the Internet in its everyday course of business. What Activities Create Cyber Risk? Use of Email Support of Webmail Internet Service Providers Dependence on Network Services Electronic Storage of Customer Information Storage of Third-Party Trade Secrets and Data On-Line Advertising and Marketing Web Site Design, Development & Ecommerce Web Site Activities (Content, Links) E-Commerce E-Brochures/E-Catalogs E-Bill Payment Internet/Digital Media Electronic Bulletin Boards or Social Interaction Why Does My Customer Need Cyber Coverage? A General Liability policy will cover a physical injury to tangible property. Information is not tangible property. A General Liability policy also excludes electronic data. Claim Examples: Trademark Liability ISPs are liable for their own activities that constitute trademark infringement. As a result, if an ISP were to advertise their services under a trademark that is confusingly similar to a mark of another party (such as Netcomp, IBMLink, or CompuService), they would be exposed to […]

October 21, 2015

Cyber Security For Your Business

Question: What are some steps we can take to protect our business, employees, and customers from the threat of hackers and data breaches? Answer: Cyber security is a serious and integral part of any computerized workplace and requires your attention to prevent breaches. To best protect your business, employees, and customers, take the following steps to ensure cyber security at all levels of your business: 1. Start with ensuring that your IT professionals responsible for building and securing your information networks have the capabilities and resources for assessing and managing your IT risk and security needs. This should include, at a minimum, identifying and protecting the proprietary data that could be potentially at risk with a secure, hidden, encrypted Wi-Fi network, password protections and firewalls to prevent hackers from accessing sensitive data. 2. Create concise workplace policies that detail cyber security, how to handle breaches, and penalties for violations. Train all employees on what they can do to prevent these […]

June 17, 2014

Who, What, and Why of Cyber Liability

WHO Needs Cyber Liability Coverage? Any communications company engaged in providing computer services, Internet services or those companies using the Internet in its everyday course of business. WHAT Activities Create Cyber Risk? Use of Email • Support of Webmail • Internet Service Providers • Dependence on Network Services • Electronic Storage of Customer Information • Storage of Third-Party Trade Secrets and Data • On-Line Advertising and Marketing • Web Site Design, Development & Ecommerce • Web Site Activities (Content, Links) • E-Commerce • E-Brochures/E-Catalogs • E-Bill Payment • Internet/Digital Media • Electronic Bulletin Boards or Social Interaction WHY Does My Customer Need Cyber Coverage? A General Liability policy will cover a physical injury to TANGIBLE property. Information is not TANGIBLE property. A General Liability policy also EXCLUDES electronic data. Claim Examples: 1. Trademark Liability ISPs are liable for their own activities that constitute trademark infringement. As a result, if an ISP were to advertise their services under a trademark that […]