Posts in Category: Breach Response

Blog Post List

NEW Cyber program, including new cyber policy and loss control/breach resources 

ABA Insurance Services recently introduced a new Cyber insurance program with three key features:
·  Cyber Cover, a cyber liability and privacy insurance policy (currently approved in 38 states);
·  Cyber Care, an open and free forum available to everyone; and
·  Cyber844, a login accessible portal for insureds who have Cyber Cover or Internet Banking Liability.

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The importance of having a breach response plan in place 

The possibility of a bank’s systems being hacked are increasing, regardless of the size of the bank. In addition to the well-publicized breaches of mega and regional financial institutions, we are witnessing more reports of attacks on smaller community banks. Your bank should have a workable breach response plan in place on which your staff can quickly rely and follow immediately upon the discovery of a breach.

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