Cyber Insurance

Just like you insure your life, home, and car you should also insure the private data you store on your donors. If your organization does not have cyber insurance, we encourage you to consider this type of protection.

Privacy and data breach insurance covers expenses associated with notification costs, credit monitoring, regulation claims, fines and penalties, and identity theft. Cyber insurance is your first line of defense and should include privacy coverage (first-party and third-party liability) as well as network security coverage (client data breach and cyber extortion) to fully protect your organization.

In the article What is cyber insurance and why you need it in the May, 2016 issue of CIO Magazine, you can learn more about reimbursable expenses and what to look for in a policy.