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In South Carolina, a foreign hacker stole 4.25 million individual and business tax returns from the state’s Department of Revenue. Social security numbers, bank account numbers, and credit card numbers were all stolen from unencrypted files over a period of several months. The state of South Carolina responded stating that all files are now being encrypted.
Victims of the data breach will receive a year of free credit monitoring, up to $2 million in free lifetime credit fraud insurance. Other expenses in cleaning up the mess were paid to an IT consulting firm to install security measures, and a law firm was hired to handle liability issues. If a hacker stole sensitive data from your business computers, could your firm financially withstand this crisis?
Most small businesses do not see a need for Tech insurance, but if South Carolina’s Department of Revenue had a Technology Insurance policy, most of their losses would have been covered.
Granted, most small businesses will not have a loss on the same scale as South Carolina, but a loss for a small business can be far more damaging and can even cause a company to fold.
Trust Hall Insurance Services, Inc. offers Tech Insurance that is intended for businesses of all sizes, self-employed individuals, and IT consultants working from home.
We can provide the business professional with insurance coverage which can include:
Trust Hall Insurance Services, Inc. understands the importance of proper Technology Insurance coverage for your business. When it comes to protecting your business, you need an insurance plan that meets your needs. The knowledgeable staff at Trust Hall Insurance Services, Inc. can evaluate your business insurance needs to determine the appropriate Tech Insurance coverage for your business.