Common Causes of Loss

While most businesses rely on their IT departments to safeguard against information losses, there are many ways, outside of security software and systems that companies can incur a loss, including:

  • Inability to safeguard personal identity information or confidential corporate information
    • A laptop with private and/or confidential corporate information is stolen at an airport security checkpoint
    • A hacker steals personal information and uses it fraudulently
    • Backup tapes with private and/or confidential corporate information is lost or stolen
    • File and/or paper records with personal information are stolen
    • Claims from credit card issues for the cost of reissuing cards, fraudulent charges or identity restoration
  • Risk of liability associated with web/network content
    • Defamation claims
    • Intellectual property claims
    • Unauthorized use of trademark, etc.

Check out some real examples of security and privacy claims