An insurance policy does more than just pay it claims, it pays to defend you against lawsuits. As the Marriott breach shows, lawsuits can come quickly and they are not cheap to defend against.
Your Insurance Policy Does More Than Just Pay Claims
Tag: Cyber Insurance
Common Question Friday- Why Do I Need Cyber Coverage?
This week’s common question is - "Why do I need cyber insurance if I don’t sell anything and therefore don’t take personal information from clients?" In the past this was asked by pretty much every company that did not sell directly to consumers but the tide is definitely shifting where almost every company needs some … Continue reading Common Question Friday- Why Do I Need Cyber Coverage?
Anthem Just Reached a $115 Million Settlement Due to a Cyber Breach
On August 20th a federal judge in California approved a settlement against Anthem that involved 78 million members information being exposed. 19.1 million of those claimants impacted proved that they were exposed and the settlement will be split amongst those members. As part of the settlement the members of the class action lawsuit can claim … Continue reading Anthem Just Reached a $115 Million Settlement Due to a Cyber Breach
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