California releases first state-wide data breach report

As a California business owner, it is very likely that you are somehow connected to the internet. Your company probably has a website and you might even be using cloud computing to store important data such as customer information or even your own financial records. Data breaches are becoming increasingly common, which is why you need to find the right technology insurance for your organization. 

When checking your California business insurance policies, this aspect cannot be overlooked. The Golden State released its first ever data breach report, which said that in 2012, there were 131 reported incidents that that put the personal data of more than 2.5 million Californians at risk.

California Attorney General Kamala Harris said in a statement that accompanied the report that it was upsetting to see how much personal information was not encrypted. It has been nearly one decade that Americans have been aware of how vulnerable the data on laptops, lost data tapes and emails can be, she said. 

"If encryption had been used, over 1.4 million Californians would not have had their information put at risk in 2012," she said. "That number represents more than half of the 2.5 million people affected by the 131 breaches covered in the report."

The retail industry accounted for 26 percent of the security issues, followed by finance and insurance, which made up 23 percent of the data breaches. Furthermore, 55 percent of all incidents were from deliberate intrusions by individuals outside of a business or from unauthorized insiders.

Regardless of the sector in which your business operates, data breaches are a possibility. The recovery process will be much smoother when you have the necessary technology insurance in place.

 

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