Web of Compliance

Has your company hit the big leagues yet?  Have you purchased a Cyber Liability insurance policy?

Ten years ago, I doubt that many companies were worried about hackers breaking into their systems and stealing their information.  But nowadays, it seems like an everyday occurrence.  Add to this mix the complex issue of trying to be PCI compliant (if you accept credit cards) and you have quite a mess on your hands.

A few years ago I remember an HR colleague of mine investigating an issue in this arena.  His IT Manager was using their company’s system to hack into other companies.  He had even set up a fake computer company and successfully received grant monies from Microsoft.  The only problem was that he couldn’t figure out how to cash the check.

Bottom line – make sure your company is protected and talk to your insurance broker about this.  It can happen to you!

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