© idt911, llc. all rights reserved — confidential 0 cyber and privacy breach coverages
TRANSCRIPT
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© IDT911, LLC. All Rights Reserved — Confidential 1
Cyber and Privacy Breach Coverages
Privacy Breach Expense
• Legal• Forensic investigations• Crisis management• Notification• Call centre support• Credit monitoring• Fraud remediation• PR assistance
1st Party• Data Restoration/Data
Recreation/Digital Asset
• Business Interruption• System/Admin Failure• Computer Fraud
Cost/Fund Transfer Fraud
• Cyber Extortion• Virus Removal
3rd Party (Liability)• Defense and
settlement costs• Fines• Penalties• Network Security• Media Liability• Defamation
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Hacking
• SQL Injection
• Phishing
• Spear Phishing
• Denial of Service attack
• Keyloggers
• Ransomware
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Storage Devices
Lost, Stolen, or Accessed
• Laptop
• Cell phone or Tablet
• Flash drive
• Data Servers or Tapes
• Printer/Copier/Scanner
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Breaches Caused by Vendors
• Payroll
• Employee Benefits
• Outsourced IT
• Cloud Provider
• HVAC
• Cleaning Services
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Employees
Unintentional
• Clicking on bad link
• Visiting bad websites
• Leaving Access Open
• BYOD - Virus
Intentional
• Rogue Employees
• Fraud Rings
• Unauthorized Access
• Criminal Activity
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Paper Files
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Breach Cost Examples
Expenses
Legal Cost - $12,062 Total Cost - $31,373 cost per record of $1.75
Covered under policy subject to $1,000 retention
Remediation plan resultsPrinting/Mailing to 17,860
individuals $7,441612 called in to ask questions
$4,284 1147 signed up for monitoring
product $7,586
IDT911 Involvement 270 phone calls and emails between client, claims
and IDT911 Call Handling, Credit monitoring only
Breach for a member-based insurance provider17,860 individuals affected name, address, SSN, phone number, health
information
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Breach Cost Examples
Expenses
Total Cost - $111,859 cost per record of $10.98 Covered under policy subject to $50,000 retention
Remediation plan resultsPrinting/Mailing for 10,185
individuals $13,1451,173 individuals called in
$8,2112,097 signed up for monitoring
product $90,503
IDT911 Involvement 383 phone calls and emails between client,
claims and IDT911Call Handling, multi-year monitoring product, fraud
remediation service
University owned laptop was stolen10,185 individuals affected Name, SSN