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Texas Connection Has your agency ever been the victim of a data breach? Has your agency ever been the victim of a data breach?
Table of Contents HAS YOUR AGENCY EVER BEEN THE VICTIM OF A DATA BREACH? ............ 1 DO YOU SELL BOPS AND GLS?...... 2 WHAT DOES CYBER LIABILITY INSURANCE COVER? .................... 14 HOW MUCH DOES YOUR STATE FINE FOR TEXTING AND DRIVING? ........ 16 It could be anywhere from $20 to $10,000 for a first-time offender—or no ban at all. .. 16 The editorial content in Texas Connection is valuable information but as always you should do your own due diligence and evaluation. The content is meant to be for informational purposes only and does NOT warrant an endorsement by the Texas Professional Insurance Agents in any form or fashion Rooms only $99.00 at Menger Hotel for Texas PIA Convention in San Antonio on June 4-8
Does your agency … •Obtain social security numbers, personal health information, driver’s license numbers, bank account numbers of insureds? •Have access to confidential client records (financial statements, competitive information)? •Use an agency management system? •Store paper files or are considering going paperless? •Provide online access for payment? •Have a website? •Rely on a computer network on a daily basis? •Allow employees to use personal mobile devices for agency transaction?
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If yes to any of the above, your agency carries a significant exposure to cyber risk.
A data breach is an incident that involves the unauthorized or illegal viewing, access or retrieval of data by an individual, application or service. It is a type of security breach specifically designed to steal and/or publish data to an unsecured or illegal location. The term “security breach” means a compromise of the security, confidentiality, or integrity of, or the loss of, computerized data that results in, or there is a reasonable basis to conclude has resulted in – “ (A) the unauthorized acquisition of sensitive personally identifiable information; or “ (B) access to sensitive personally identifiable information that is for an unauthorized purpose, or in excess of authorization. SENSITIVE PERSONALLY IDENTIFIABLE INFORMATION. — The term “sensitive personally identifiable information” means any information or compilation of information, in electronic or digital form that includes— “ (1) an individual’s first and last name or first initial and last name in combination with any two of the following data elements: “ (A) home address or telephone number; Continued on page 2
Texas PIA’s Texas Connection
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February, 2014