Last December, Target's data system was compromised resulting in millions of customers credit card information flooding the black market. That data breach cost Target $61 million.
Target's data systems are sophisticated. They have dedicated IT professionals keeping their systems secure yet cyberthieves still managed to hack into their system. What would happen if your data was hacked and customer's information was compromised? Or what if a laptop was stolen?
Any business that collects or stores personally identifiable information on their customers, employees or patients, whether electronically or on paper, is at risk of a data breach. Businesses such as Accountants, Lawyers, Doctors, Dentists, Retailers, & Restaurants, are examples of businesses who need this protection.
The Illinois Attorney General's office has issued a comprehensive guide for businessowners focusing on the prevention of a data breach. It also provides information on the Illinois Notification laws. Click here to download this helpful guide.
When sensitive data is exposed, your reputation is on the line. In addition, there are 51 laws governing 50 jurisdictions in the United States that require notification to impacted parties. You may also need to notify state and federal agencies and credit bureaus. Are you prepared to handle the tasks, not to mention the costs?
Luckily Data Breach protection is available...
- to help pay for expenses associated with responding to a breach like notifying impacted individuals
- to help pay for defense costs and any awards, settlements or judgments a business is legally obligated to pay resulting from a breach incident
- Access to breach response services to help contain a breach if one occurs
Please contact us if you would like more information.