Small Business Owners say they are interested in Data Breach Insurance

Mar 11, 2013
Categories: Business · Cyber
Staebler blog logo
Default featured image

In a recent survey 70% of Small Business owners say they are interested in Data Breach Insurance.  The primary causes of small business data breaches were found to be Employee or Contactor mistakes, lost or stolen laptops, smart phones and storage media.

Seventy percent of the respondents believe sensitive information is more likely to be compromised when the data has been outsourced, but 62 percent do not have contracts that require third parties to cover all the costs associated with a data breach. At least 85 percent share customer and employee records with third parties such as those providing billing, payroll, employee benefits, Web hosting and IT services.

When asked which type of lost or stolen data was more likely to harm their business, 70 percent agreed the loss of personally identifying information was more damaging than confidential company data.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Related Posts

Protect Your Property: High Winds

Protect Your Property: High Winds

This article is Part Two of our New Blog Series on protecting your property from natural threats.  Be sure to check back to the Staebler Blog for future articles to help protect your home. Part One: Flooding High winds are an all-too-common threat for property owners....

read more
What is ChatGPT and How To Use It

What is ChatGPT and How To Use It

ChatGPT (Generative Pretrained Transformer) is a computer program designed to chat with people in a natural language. It uses artificial intelligence (AI) and machine learning to understand what people are saying and generate responses that are relevant and helpful....

read more