FOR IMMEDIATE RELEASE
TechInsurance Issues Client Education Guidelines that Reduce Data Breach Exposure
Technology professionals can limit their cyber liability exposure by ensuring that
clients know how to prevent data breaches.
its 2013 Data
Breach Investigations Report, Verizon Enterprise reports that 74% of data
breaches to small businesses are "crimes of opportunity" – that is, crimes
that occur because a hacker notices a weakness and exploits it. In addition, the
report shows that nearly half (48%) of data breaches are enabled by in-house mistakes,
often made by employees who have little or no familiarity with data security protocol.
Such breaches expose technology contractors, freelancers, and consultants who work
with these companies to third-party cyber liability. To help tech professionals
reduce that risk exposure, TechInsurance has issued guidelines for educating clients
about how to prevent data breaches.
"Most of our clients are pretty sophisticated in terms of technology, but they may
not think about advising their clients on security basics," said Ted Devine,
CEO of TechInsurance. "Often, that's because they don't realize that, even if their
own security measures are top-notch, their clients' security lapses can expose them
to costly cyber liability claims." He added that, while third-party Cyber Liability
Insurance can pay for those claims, preventing them is the best way to keep premiums
low and avoid the hassle of litigation.
TechInsurance recommends that IT professionals take the following steps to minimize
clients' exposure to preventable data breaches:
- Share the numbers. Tell clients that only 26% of small-business hacks are
targeted. The rest are the cyber equivalent of a hacker seeing a window propped
open and a wallet on the sill.
- Provide training. 48% of data breaches are caused by employee error. Reviewing
best practices for storing data, sharing files, and transporting hardware helps
non-tech workers better protect their data.
- Encourage standard security measures. 76% of data breaches are possible because
a hacker is able to guess a password. Remind clients to implement the basics: create
strong passwords, update passwords regularly, use antivirus software, encrypt sensitive
data, limit access to sensitive information, and have protocol in place for off-premises
TechInsurance is the nation's leading online insurance agent for small and micro
businesses (those with 10 or fewer employees). Since its launch in 1997, TechInsurance
has provided a convenient online destination where IT and technology consultants,
contractors, and business owners can find essential liability insurance coverage
from top-rated providers by completing an application process that takes only a
matter of minutes. In addition to offering third-party Cyber Liability Insurance
policies, TechInsurance offers General Liability, Property, and Workers' Compensation
Insurance. For more details about TechInsurance, visit the company's website at
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Betsy Gregg, Propllr LLC
224.595.3323, [email protected].