Call Us Today For A Free Quote | 866.940.1101
Professionals Insuring Professionals

Given the current highly publicized SEC and Equifax data breaches that are studies in what not to do, a current article in Mondaq  gives tips on how advance planning before cyberattacks and data breaches can mitigate the overall risk.

The recommended actions that need to be taken are:

1.      Cybersecurity Corporate Governance is Essential—Have appropriately tailored cybersecurity policies and procedures that establish standards for all employees.

2.      Incident Response Planning is Key—Businesses need to invest in preparedness to adequately respond to cyber events.

3.      Reconsidering Document and Information Retention Policies—Even though it is relatively inexpensive to store documents and information, only store what is essential to service customers and meet mandated retention requirements.  The less you store the lower the overall exposure.

4.      Third-Party Vendor Risks—Do due diligence to verify that your 3rd party vendors have adequate cybersecurity policies in place.

5.      Preparing for Class Action Lawsuits—Keep up to date records of steps taken to reduce your cyber risk.

6.      Insurance Against Cyber Events—Assume that cyber-attacks are unavoidable and a cost of doing business.  While you can do everything possible to mitigate the risk of a cyberattack, the reality is that a cyberattack is when not if.  Cyber Insurance is an essential part of any cyberattack data breach advance preparation.

Posted 11:53 AM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2013
  • 2011

View Mobile Version
Quick Contact
We love referrals! And thank you even more for your continued business.
Customer Service
Self policy service any time of the day, directly from our website.
Join Our Newsletter
Stay in touch with the latest events, news and offers we have.
From Our Blog From Our Customers
Read More Read More
Facebook Twitter LinkedIn Google Maps
Stay In Touch With Us Helpful Site Links Contact Us
Sign up now to receive new and updates 5075 Cascade Rd. SE, Ste. E
Grand Rapids, MI 49546

Local: 616.940.1101
Toll Free: 866.940.1101
We have the expertise to find you the right coverage at the right price 
Powered by Insurance Website Builder