It’s not just large retailers that are being attacked by cyber criminals. Small businesses are also targeted because they’re less likely to have the sophisticated cyber protection and safety protocols large companies have in place.
In just a matter of minutes an unintentional release of secure information can cause repercussions that can last days or possibly years.
Documents not shredded, or left unsecured, with sensitive business data or customer information allow for paper data breach incidents to occur.
Unencrypted laptops with sensitive business information or customer information allow for digital data breach incidents to occur.
Malicious attacks can be caused by employees or contractors.
Even if your business has the latest cyber security, a threat can come internally from employee fraud or negligence. No service or software can totally prevent a business data breach, especially if the source is internal to the business, but AmTrust Business Identity Management can show you ways to reduce your risk. If a breach does occur that requires remediation, we have services available for an additional fee. The insurance included with your policy can reimburse you for many of these remediation service charges. Please see the policy summary for details.
Notification requirements often include informing affected employees, customers and/or vendors.
Loss of confidence by customers can be the most serious cost (lost sales). A data breach can also generate costs such as letters and phone calls, and providing customers with credit or other monitoring services.
A data breach diverts attention from the daily activities of running a business. If your time is normally devoted to serving your customers and overseeing operations, you can expect to delegate that work to others while you respond to the breach.
Are you doing the right things to avoid a breach? Do you have a plan of action should a breach occur? Business Identity Management has the tools you need to assess your risk of breach, adopt best practice policies, and build a response plan.
Data breaches can be inside jobs. While background checks do not guarantee prevention of employee-initiated breaches, they can increase the chances that you are hiring trustworthy employees. Business Identity Management subscribers receive 25% off an unlimited number of standard criminal background checks and setup fees are included in your subscription.
Monitoring provides continuous updates and alerts of your credit risk and what other companies see when evaluating your business. Analysis includes changes in business credit risk scores and trends. An unwarranted increase in risk scores could indicate misuse of your business credentials by someone posing as your business.
No matter how diligent you are, your sensitive financial data could be exposed. Creditors, vendors, and customers have access to sensitive data on your business. We scan millions of websites and data points for the proprietary business financial data you specify, such as bank accounts, routing numbers, and corporate credit and debit card information.
Small business owners often have their own financial livelihood and personal information at stake in their company. We include a Personal Identity Management package for one owner/operator complete with credit report, score and monitoring, identity monitoring, fraud resolution, and $50K in personal identity theft insurance (sublimits apply) at no added cost.
We provide a hotline that evaluates risk and determines response based on specific state requirements. Forensics experts are available for an extra fee when warranted, plus we build a custom response plan which will recommend steps such as: notification letters, PR plan, call center services, a notification website and post-recovery credit monitoring resolution services. These services are available for an additional fee.
Even the most diligent companies may experience a breach. Coverage through Business Identity Management can reduce the financial burden responding to a breach may place on your company. Covered costs include legal fees, regulatory fines, and public relations expenses.