#402 - The Rise of Data Breaches and the Effectiveness of Cyberliabilty Insurance

Published: April 5, 2015, 6 p.m.

On this week’s program, The Rise of Data Breaches and the Effectiveness of Cyberliabilty Insurance, we will talk with Mike Meikle, CEO of secureHIM, about the ever increasing risk of security breaches hitting companies both large and small. Mr. Meikle is a cybersecurity expert who speaks and writes nationally on the topic of cybersecurity. He will discuss the trend of data breaches impacting companies from healthcare to finance; who seem to be falling asleep at the switch when it comes to protecting customer data. We will cover a few of the most high profile security breaches, discuss why and how these events occurred and provide tips on preventing this type of incident from occurring at your company or in you private life. Outside of the technical aspects of data breach prevention, we will also touch on Cyberliability insurance. This insurance vehicle is gaining in popularity as a supplement to Commercial General Liability policies (CGL) and could be a good investment for a business looking to hedge their risk. The ROI for this type of policy would have to be weighed against the business model, the data stored and the potential damages they could incur in the event of a data breach.