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Data Breach For Your Agency

Capture.JPGIIAAR has partnered with Arlington/Roe & Co., Inc. to offer members an exclusive program to help protect their agencies from data security breaches. It offers the following benefits:

  • No encryption required
  • HIPAA compliance tools
  • Step-By-Step compliance procedures 
  • Newsletters on data security management
  • Data-breach coach to help with notification
  • Forensic investigators
  • Privacy counsel
  • Call center
  • Credit restoration services
  • Staff training programs
  • Regulatory fines and penalties coverage
  • Public Relations coverage
  • Notification costs outside liability limits
  • Credit monitoring
  • Security & privacy liability

Responding to a data breach is a costly and complicated process requiring assistance from many different professionals. The average cost of notification-law compliance is $200,000, and failing to notify affected individuals "without unreasonable delay" could cost your agency up to $1.5 million in fines. 

All that with the legal liability and the reputational harm caused by the breach, and it's not hard to understand how 80 percent of businesses that experience a data breach end up going out of business as a result.

Causes of the 563.9 million records breached since 2005:

  • 56%  Hacking or malware  Electronic entry by an outside party.
  • 30%  Portable device  Lost, discarded or stolen laptop, PDA, smartphone, portable memory device, CD, hard drive, data tape, etc.
  • 6% Insider  Someone with legitimate access intentionally breaches information, such as an employee or contractor.
  • 4% Unintended disclosure  Sensitive information posted publicly on a website, mishandled or sent to the wrong party via email, fax or mail.
  • 1% Stationary device  Lost, discarded or stolen stationary electronic device such as a computer or server not designed for mobility.
  • 1% Payment card fraud  Fraud involving debit and credit cards that is not accomplished via hacking. For example, skimming devices.
  • 1% Physical loss  Lost, discarded or stolen non-electronic records, such as paper documents.1% Unknown/ other.

Binding Coverage is easy as 1,2,3
 
  • Choose the option number and premium from the pricing sheet.  Make check payable to: IIAAR.
  • Complete the application and addendum attached.
  • Attach the check to the application/addendum and mail to: