Most, if not all, Human Service Organizations depend on computers to cache or store their sensitive information, and by doing so are exposing themselves to network security breaches. The majority of organizations do not realize that computer breaches are only some of the ways one can acquire unauthorized access to personally identifiable information.
There are many possible scenarios that Human Service Organizations could experience, which could result in a Cyber Liability/Identity Theft claim. One, of which, is if a non-profit agency receives donations on line. A skilled hacker can then very easily and diligently infiltrate the agency’s network security and gain access to credit card information. Another possible scenario is, if an employee loses a USB containing private information. Even if a worker misplaced his or her laptop which contained names, addresses, and social security numbers of all their clients, that would certainly be an example of a possible claim under Cyber Liability Coverage.
If an organization obtains private information, including social security & driver license numbers from clients & employees, and store this sensitive information online, and rely on a computer network, they bear a crucial exposure to cyber risk. The greater majority of non-profit and social service organizations are unaware their standard insurance coverage generally does not provide appropriate coverage for cyber liability.
A Cyber Liability Policy can provide extensive coverage for damages to third parties caused by a network security breach, loss resulting from an authorized user’s accident, notification expenses, and many more. Your organization can be all but shut down following a hack attack. Though, stolen intellectual property with the cost of customer trust could certainly wipe out any business.
Here at Hawley & Associates we do offer Cyber Liability insurance coverage. Many of our customers including Adoption Agencies, Foster Care Agencies, Social Services Agencies, Human and Child Welfare Agencies, Educational Institutes, Emergency Shelters, Group Homes, Residential Treatment Facilities, and Global Human Services, take advantage of this specialized coverage to protect their organization from any cyber security breaches and risks.