This toolkit is prepared for circumstances when your small business has been hacked. We provide you information about insurance regarding cyber security specifically, and also regulations of data breach for a brief view. If more details are needed, please seek legal advice.
Cyber Security Insurance
Cybersecurity insurance is set to deal with offsetting cost involved with recovery after a cyberattack or breach. Premium covers fees of: Investigation, Business losses, Privacy and notification, Lawsuits and extortion. The article will also give tips about how to choose a right fit of cybersecurity insurance policy.
Data Breach Regulations
Small business involving credit card transmission should pay attention to PCI DSS compliance, which is the security standards from card brands. Violating compliance can cost business huge financial loss, ranging from $5000 to $100000 per month. If a data breach did happen with your business, there are more than a few ways of damage including monetary and non-monetary cost. The article also gives a brief look about data breach laws in California, and differentiations if your business involves personal health information. If more details are needed, please seek legal advice.