www.finanznachrichten.de/...e-for-technology-companies-004.htm
10.03.2009 15:23
The Hartford Introduces Data Privacy Coverage For Technology Companies
While large-scale data security breaches are those that make news, a breach of any size can be costly for software developers, hardware firms, and other technology companies that have non-public personal information in their control. Data breach laws in many states require notification and credit monitoring services for those affected, the costs for which are incurred by the company responsible for the breach. With the average per-record cost of a data breach at $202, according to a 2008 Ponemon Institute study, the cost of a breach involving just 500 records could exceed $100,000.
To address this exposure for technology firms, The Hartford Financial Services Group, Inc., (NYSE: HIG) one of the nation’s largest financial services companies, has added First Party Data Privacy Expense coverage, along with Cyber Extortion Expense coverage, to its FailSafe® suite of technology liability coverages. These new coverages are offered as an endorsement to the FailSafe GIGA® and FailSafe TERA® policies.
”Many technology companies are at risk for improper dissemination of non-public personal information or violation of data privacy laws. This endorsement is designed to address direct costs that would not be covered by third party technology professional liability coverage,” said David J. Selembo, assistant vice president of professional liability, underwriting&operations for The Hartford’s Technology Practice Group, which provides insurance coverage tailored to the risks of technology firms.
The Hartford’s Data Privacy Expense coverage pays for actual expenses incurred as a result of a policyholder’s negligent acts, errors or omissions that result in the improper dissemination of non-public personal information, or a breach or violation of data privacy laws. Specific components of the coverage may include:
... (weiter siehe LINK)
10.03.2009 15:23
The Hartford Introduces Data Privacy Coverage For Technology Companies
While large-scale data security breaches are those that make news, a breach of any size can be costly for software developers, hardware firms, and other technology companies that have non-public personal information in their control. Data breach laws in many states require notification and credit monitoring services for those affected, the costs for which are incurred by the company responsible for the breach. With the average per-record cost of a data breach at $202, according to a 2008 Ponemon Institute study, the cost of a breach involving just 500 records could exceed $100,000.
To address this exposure for technology firms, The Hartford Financial Services Group, Inc., (NYSE: HIG) one of the nation’s largest financial services companies, has added First Party Data Privacy Expense coverage, along with Cyber Extortion Expense coverage, to its FailSafe® suite of technology liability coverages. These new coverages are offered as an endorsement to the FailSafe GIGA® and FailSafe TERA® policies.
”Many technology companies are at risk for improper dissemination of non-public personal information or violation of data privacy laws. This endorsement is designed to address direct costs that would not be covered by third party technology professional liability coverage,” said David J. Selembo, assistant vice president of professional liability, underwriting&operations for The Hartford’s Technology Practice Group, which provides insurance coverage tailored to the risks of technology firms.
The Hartford’s Data Privacy Expense coverage pays for actual expenses incurred as a result of a policyholder’s negligent acts, errors or omissions that result in the improper dissemination of non-public personal information, or a breach or violation of data privacy laws. Specific components of the coverage may include:
... (weiter siehe LINK)
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gegen aktive & ehemalige Doppel-ID's (wie Superflach...)
DFB-Pokal 2008: RWE-Bayern München 3:4
RWE-Jxxa 2:1 & 1:1
Tabelle 3.Liga: (7) RWE