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Today's topic: Cyber Crime & Cyber Liability Insurance

 Unfortunately, the news isn't good. Attacks are on the rise and increasingly attacking small businesses. Contact IGO to find out more about how policies can:
* Cover a business' liability for a data breach in which the firm's customers' personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker or other criminal who has gained access to the firm's electronic network, and in the instance of cyber ransom
* Cover expenses associated with breaches, including: notification costs, credit monitoring, costs to defend claims by state regulators, fines and penalties, and loss resulting from identity theft. 

Misconceptions About Cyber Risk 1
1. The size of my business makes it unappealing to hackers. If you accept credit card payments, maintain personal information
about customers and/or have a website for online payments, cybercriminals will come looking for that 
data, no matter the size
of your business.

2. I’m safe using the Cloud. Small businesses using the Cloud assume the vendor handles hacker interference, but the Cloud is not
immune when someone unwittingly reveals usernames and passwords.

3. Cyberattacks are just like any other computer problem. A misplaced or stolen laptop with unencrypted, sensitive information
will also trigger breach notification laws, as will paper files containing customer information that aren’t filed 
or disposed of
properly. You also maybe held liable for unintentional transmission of a virus or malware to a third-party
such as a vendor.
4. I can handle it if it happens. If your business falls victim to a cyberattack, to do nothing is illegal. Almost all states have breach
notification laws. Plus, most small businesses believe their company can recover within a month, however, 
most don’t survive
without a solid response plan. 

1= Adapted from "5 Misconceptions Small Businesses Have About Cyber Risk" 10/27/16

Tricks That Cybercriminals Use 2
Cybercriminals often fool us into doing unsafe things online because of the way copy on a website or in an email is worded. Think
twice before clicking on anything that:
1. Offers a reward. “Print tickets to that band you love” (seen on your social media). “Incredible cruise deal” (found by your browsing history).
2. Creates a sense of urgency. “We need to verify your login details. Your account could be compromised.” Be suspicious: If in doubt, call.
3. Issues orders from an authority. “Download this security patch. Reenter your Social Security number. Track this package.” Are you
sure it’s from that authority? Call and check.
4. Appeals for help. “Can you download this file and take a look?” Be wary of surprising requests from colleagues or friends.
5. Arouses curiosity. “Must see! Political outrage! A major crisis! Cute puppies!” Of course we click, especially when (we think) the
email or post is from someone we trust.

2 = Adapted from 3/4/16 blog post from
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