In today’s world of electronic commerce and database-driven information systems, businesses have become custodians of large amounts of detailed personal data. With identity theft ranking as America’s fastest-growing crime, there is mounting concern about the consequences of data breaches. A company’s confidential customer data is a prime target for hackers and identity thieves who can wreak untold financial and personal havoc. Consumers expect businesses to keep their sensitive private information secure, and the potential liabilities stemming from a data breach can be staggering. Companies are actively searching for protection against this threat.
This product is designed to protect those companies or institutions that house proprietary or personal information on individuals. This program will assist when and if a data breach occurs. It can also be used as a goodwill gesture for the clients. It can be added to insurance companies’ BOP offering or sold directly as a stand-alone benefit.