Small to medium-sized business owners cannot afford to think that they will never encounter a data breach. With more companies relying on computers and other forms of mobile technology, organizations across numerous industries are more connected—and possibly accessible—than ever before.
While this blog previously discussed how two-thirds of data breaches were caused by human error or system glitches, businesses must keep their information and that of their customers safe. The recovery process following a loss of data or a hacker breaking through a system will not be easy, or necessarily inexpensive. With the right technology insurance, companies have an easier time bouncing back and reassuring customers that the incident will not repeat itself.
Regardless of a company's size, accidents happen. Such is the case with Florida's Department of Education (DOE) as well as the social networking website giant Facebook. Each organization has been in the news recently because of a data breach.
According to ABC, the Florida DOE compromised the information of about 47,000 teacher preparation program participants in May when a security lapse caused data to be visible. With Facebook, Reuters explained that a technical glitch exposed 6 million users' phone numbers and email addresses.
"We currently have no evidence that this bug has been exploited maliciously and we have not received complaints from users or seen anomalous behavior on the tool or site to suggest wrongdoing," Facebook said on its blog, adding that company officials were upset, embarrassed by what happened and will "work doubly hard" to prevent it from happening again.
Technology insurance doesn't guarantee that glitches will never occur, but it will ease a business' recovery. Being able to come back strong following a data breach is important for any company, no matter its size or industry.