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This kind of exposure can be hazardous to your financial health!

13 Sep

A computer security breach at USC Sumter (WI) has exposed personal information, including social security numbers, for 31,000 faculty, staff, students and retirees at all of the university’s eight campuses, according to USC Media Relations.

USC Sumter mailed letters notifying the affected persons about the breach and how to check their credit records.

Covered – Not Covered?

So where would the university find coverage for the notification costs, possible credit monitoring expenses for the affected persons, restitution and any fines or penalties imposed by the state?

Not under any “normal” policy, that’s for sure. All of the above can be covered by a “Cyber” policy. Each insurance company’s policy is different, so you need to check it out before you have your client complete the application.

 

~m

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