Does your company use electronic data? Does it store or communicate potentially sensitive information about customers, employees, or competitors? If so, then a breach of that data could cost your company plenty. Some well-known organizations have experienced data breaches, including WalMart, JP Morgan Chase, Yahoo, eBay, Target, the IRS, and, more recently, Equifax. Unfortunately, just about any size company or organization that retains personal information can be hit with a cyber attack. One way to transfer some of the risk and costs associated with a data breach or network security failure is through cyber insurance.
We are providing an update on Condor Capital’s initial article pertaining to the recent data breach at credit reporting agency Equifax in light of newly-reported information regarding those who were impacted.
Equifax, one of the three largest American credit reporting agencies, announced Thursday that cybercriminals breached a portion of its systems and could have access to the names, addresses, birth dates, Social Security numbers, and driver’s license numbers of nearly 143 million people. Continue reading “Equifax Data Breach”