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12 Mar Data Security Liability Insurance
A great deal of responsibility is required for someone in a data management position, such as an IT manager, CIO or a PCI auditor. They are responsible for private and valuable company information, as well as very detailed customer information in some cases. However, with access to highly important and sensitive information they also run the risk to have to defend themselves in a fraud case. For this reason, it is extremely important to have data security liability insurance.
Security fraud is a very serious and dangerous act. Companies, as well as individuals, may be put at stake for informational and identity theft even if they personally didn’t do anything wrong. Since you can’t always control what happens, such as a network breach, it is necessary to have a defense policy in place with a custom data security manager liability plan to stay protected in the event that a civil lawsuit seeking monetary damages is filed against you.