If you work in the insurance industry, it can be easy to forget that small business owners aren’t always sure what types of cover they should have in place. Forbes, however, has put together a handy list of thirteen types of insurance essential for small business owners. Number eight on the list? Data breach cover. Any business that holds sensitive information about employees, clients or business operations on computers, so just about every small business, should have this cover in place. Breaches can result in hefty fines and expensive lawsuits.
See the full list on Forbes.com
CFC offers most of the thirteen types of cover, and many in easy, modular package policies. Want to learn more? Click here to email us.
The Information Commissioner’s Office (ICO) has proposed a fine of £375k, its largest so far, for a patient privacy breach at Brighton and Sussex University Hospitals NHS Trust. The incident occured when hard drives containing patient data were sold on eBay by the registered contractor hired to destroy them. The hard drives have been safely recovered but the breach could mean major consequences for the Trust. 
American shoe giant Zappos, owned by Amazon.com, has recently undergone a major security breach which exposed the personal details, albeit no full credit card information, of as many as 24 million of its customers. 
Spain has jumped on the anti-piracy bandwagon and recently adopted an anti-internet piracy law which could force internet service providers (ISPs) to shut down offending websites within ten days. The law is in reponse to a report which found that nearly 98% of music consumed in Spain is done so illegally. 
Just like fashion and cuisine, it turns out that in California, certain types of class action lawsuits can also be in vogue. The Data Privacy Monitor reports that the latest is a series of lawsuits arising out of California’s 2003 “Shine the Light” law which requires almost all businesses with 20 employees or more to either allow customers to opt-out of having their information shared or the company must make a detailed disclosure of how it uses personal information for marketing purposes. 
If you’ve used a credit card to pay at a Subway in the last couple of years, it turns out you may have paid more than you bargained for. Four Romanian hackers have recently been charged with stealing over 80,000 credit card details from 150 franchises of the American sandwich chain and, according to arstechnica.com, lack of formidable security is partly to blame. 