Two recent cases and NetDiligence’s 2015 Cyber Claims Study suggest that every organization that collects personally identifiable information from consumers should consider buying cyber insurance. 

Consumer businesses, non-profits, and government-run utilities often collect consumer personally identifiable information, such as full names, dates of birth, social security numbers, account user names and passwords, etc., in the course of their operations. Many states regulate how such personally identifiable information can be collected, recorded, stored, used, and disposed. If your organization does business…
Continue Reading Cyber Insurance: Why You Need It If Your Organization Collects Consumer Data