On January 26th, the hacktivist group, Anonymous took over the website of the U.S. Justice Department’s Sentencing Commission, www.ussc.gov, and threatened to release sensitive government data and use computer-code based “warheads” against other sites. Their motive behind the attack was due to their rage and backlash against the Justice Department’s prosecution of Aaron Swartz, an Internet activist who committed suicide on Jan. 11th.
Cyber attacks have become an every day pccurrence for businesses and organizations of all sizes, including most recently the attacks on U.S. Banks and federal government agencies. When an attack happens, businesses and organizations and even the government need to have an incident response plan in place in order to respond quickly to an attack.
While a cyber attack can definitely feel like a 911 emergency, unfortunately there is no such thing as a “national cyber attack 911 hotine” to call when an attack strikes.
Perhaps businesses, organizations and government agencies should explore using cyber insurance as one component of an incident response plan. Cyber insurance (aka “privacy and security” insurance) can be called upon when a cyber attack happens and offers a response plan.
Cyber insurance with data breach response services offers an array of services (check the policy you are considering for covered services) “after” a cyber attack or a data breach happens and can help manage the aftermath. It may offer coverages such as (depending on the specific policies and endorsements):
1) crisis management and customer notification expenses,
2) credit/identity theft monitoring,
3) privacy and security liability,
4) privacy regulatory defense and penalties,
5) computer forensics investigation,
6) a “Data Breach Coach” (aka “Privacy” attorney) and
7) pre-breach planning services.
It’s important to note that all cyber insurance policies are not standard policies and vary by insurance carrier.
CYBER DATA RISK MANAGERS LLC is an Independent Insurance Agency specializing in Cyber Security and Data Breach response insurance. We offer solutions that help you quickly respond to cyber events and data breaches as well as to plan in advance for their occurrence. Given the ever changing nature of information assurance and compliance, you don’t want to be caught unprepared.
For assistance, call 1-(855) CUT-RISK Toll Free -or- complete the form below.