Long Term Care Facilities
Patients and vendors bring with them both PII and PHI the Insured is legally responsible for. What information is protected? What is a record? GL exposures against LTC risks is just as imminent as Cyber claims.
An excellent choice for identity thieves, daycares bear information on young children, often unnoticed for a long period of time. Inadequate controls increase that risk.
Every kind of governmental agency or district is at risk of a Cyber loss. Antiquated systems, insufficient controls, and the kinds of data they store all factor in. Paper records create more exposure, and many municipal risks store a lot of paper data.
HOA’s maintain personally identifiable information on all property owners, usually in paper format and often electronic as well. They are easy targets for thieves.
Associations vary in scope and size, purpose and audience served. A feature unique to all of them is their storage of data on their members, customers, donors, recipents, and many others. Associations and all other nonprofits are very purpose-driven, and protection of electronic information and appropriate policies and protocol are not their expertise.
K-12. Colleges. Universities. Trade Schools. The type of school is not the problem. The data stored on its students, employees, and vendors is the problem. For educational risks, records are stored for years and years, which compounds the initial threat tenfold.
One of the easiest targets for Cyber thieves is any youth sports group or league. Most of the registration work is paper, and the personally identifiable information shared amongst the members is staggering. All of this with zero control over its use.
The Message of Today’s Theme
US Pro is dedicated to the task of educating our agents on everything they should know about Cyber Insurance. Although today’s focus was on different kinds of nonprofit risk classes, the message for each is the same. Cyber exposure exists for ANYONE who holds data records on another. This is true for professional firms, public companies, schools and cities, big business, and small business owners too. The short answer is that one is legally responsible for protecting any kind of personal confidential information stored on their employees or any other parties. At $225 per record breached, it can be an excessive cost to bear. Visit us at www.cyberinsurancesource.com today to learn even more!