PRIVATE CIRCULATION 02/09/2014
SUBJECT : CYBER CRIME/ DATA BREACH
DATA BREACH.WHY SHOULD WE CARE?
Data breach is a phenomenon that every company that holds customer or sensitive personal information will experience-simply put ,it is not a question of ‘it’ but ‘when’.
Data breach takes many forms and many cannot be planned for
There is confusion among clients as to what protection they have in existing policies
What is a data breach?
A data breach usually involves financial information such as credit card or bank details, personal health or intellectual property being stolen or lost.