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Most business owners take steps to secure their computer systems, but the reality is that no system is impregnable. What's more, with our mobile and inter-connected society, unauthorized access to sensitive data often arises from perils that cannot be fully addressed by technical security such as employee error, loss of hardware and paper files, misuse of access to data by employees and "zero day" attacks that exploit software vulnerabilities before a patch has been released. Recovering from a breach can be expensive and time consuming. Determining the cause and extent of the breach, complying with the more than 40 different state security breach notice laws, the investment in professional services and equipment to continue operations, correct file damage, and conduct public relations damage control measures, not to mention potential lawsuits from customers and clients, can truly drain a business. Markel understands these situations and can even help businesses offer some incentive for bringing the guilty party to justice.
Our newly revised DataBreachSM Coverage provides innovative protection to mitigate the financial effects of a breach of company records.
Contact your Markel broker partner for more information.
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