EDUCATION

 

cyber insurance for colleges, universities, and educational institutions

 

Educational institutions-be it large universities or small community schools- are targets for hackers due to the sensitive personal and proprietary research information they keep closely guarded. Many student IDs are also their social security numbers, the theft of which can result in thousands of identities being stolen and potentially as many lawsuits as a result. Theft of valuable research by foreign governments or agencies can negate potentially years worth of work. According to the New York Times, theft of research is rising due to the open style of University networks combined with government-supported hacking in foreign countries, namely China and Russia. Case in point: the University of Wisconsin experiences 100,000 hacking attempts per day from Chinese hackers– what are the odds that one of them will be successful? Having a cyber insurance policy that will pay for the costly breach notification and subsequent costs associated with the resulting fallout is not an option- it’s a necessity.

 

 

notable security breaches

  • UNIVERSITY OF MARYLAND – 309,000 RECORDS
  • UNIVERSITY OF DELAWARE – 74,000 RECORDS
  • INDIANA UNIVERSITY- 146,000 RECORDS
  • BUTLER UNIVERSITY – 163,000 RECORDS
  • IOWA STATE – 30,000 RECORDS

COVERAGE INCLUDES

SYSTEM DAMAGE + BUSINESS INTERRUPTION

 

BREACH NOTIFICATION  

 

 CYBER + PRIVACY LIABILITY

 

MEDIA LIABILITY

 

 REGULATORY PRIVACY ACTIONS

 

 CYBER EXTORTION

 

 COURT ATTENDANCE COSTS

 

 CRISIS COMMUNICATION COSTS 

 

QUICK QUOTE

 

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