Data Security Archives - Gracey-Backer, Inc. https://www.graceybacker.com/tag/data-security/ Independent Insurance Agency since 1925 Fri, 13 Nov 2020 14:21:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.8 https://www.graceybacker.com/wp-content/uploads/2020/08/cropped-favicon-32x32.png Data Security Archives - Gracey-Backer, Inc. https://www.graceybacker.com/tag/data-security/ 32 32 I am a Florida Dentist. I don’t need to buy Cyber Liability and Data Security insurance because I can take care of a breach myself! https://www.graceybacker.com/i-am-a-florida-dentist-i-dont-need-to-buy-cyber-liability-and-data-security-insurance-because-i-can-take-care-of-a-breach-myself/ Mon, 02 Dec 2013 05:00:48 +0000 https://www.graceybacker.com/?p=1339 While you can certainly tackle a data breach yourself, the chances are you will not want to invest the time. For example, the Federal Trade Commission estimates that it takes an average of 400 hours to correct a single identity theft. This is valuable time that you can better spend tending to your business. In […]

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]]> While you can certainly tackle a data breach yourself, the chances are you will not want to invest the time. For example, the Federal Trade Commission estimates that it takes an average of 400 hours to correct a single identity theft. This is valuable time that you can better spend tending to your business. In addition to time required to fix a cyber breach, you must act quickly so your business is not adversely affected. It is far wiser to pick up the phone and call the company that provides your Cyber Liability and Data Security Insurance to remedy a data breach situation.

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]]> Why do I need Florida Cyber liability and Data Security Coverage, since I do not hold personal information? https://www.graceybacker.com/why-do-i-need-florida-cyber-liability-and-data-security-coverage-since-i-do-not-hold-personal-information/ Mon, 02 Dec 2013 01:00:53 +0000 https://www.graceybacker.com/?p=1329 Even if you do not hold personal security information, your business is still vulnerable to a data breach. Even if you use a third party to store patient information, you are still the “data owner” and are legally required to notify patients of a breach. While you may take credit cards but not store them, […]

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]]> Even if you do not hold personal security information, your business is still vulnerable to a data breach. Even if you use a third party to store patient information, you are still the “data owner” and are legally required to notify patients of a breach. While you may take credit cards but not store them, your practice may still be the victim of increasingly sophisticated hackers who are able to skim off credit card information. And, if you have employees, you are more than likely holding their personal information. Personal information does not have to be in electronic form to be exposed; paper information is a significant risk in storage or disposal.

Cyber liability insurance protects the Florida healthcare provider by covering:

  • Expenses related to notifying patients following a data breach;
  • Lawsuits stemming from a data breach; and
  • Breaches of employee data and paper files.

So all Florida businesses that deal with any type of personal data, or has a presence on the internet or social media, need to seriously consider purchasing cyber liability insurance.

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