Keep your insurance policies current as technology evolves

As a small to medium-sized business owner in California, it is probably extremely apparent that technology is quickly evolving. Silicon Valley is filled with startups, and entrepreneurs across the country flock to the Golden State in an attempt to get their company up and running. Whether a firm is established or just beginning, it is necessary to think about the long-term, and not just immediate goals.

For example, many company leaders are aware of how the internet can positively affect their business. Cloud technology can simplify data storage, or even make it easier to work from remote locations. Your California business insurance might have been ideal when your doors first opened, but is it comprehensive enough to account for data breaches?

Organizations of all sizes need to have this possibility in mind. Large firms are not the only targets for cyber criminals, especially as small businesses might have a tendency to be more lax in their security measures.

Even health care facilities can fall victim to such attacks, as Oregon Health & Science University discovered. OHSU is notifying over 3,000 patients that their personal data could have been compromised, as it was stored in a cloud server. OHSU does not have a storage contract with Google, so the information could have been used for promotional purposes, according to a university statement.

"We do not believe this incident will result in identity theft or financial harm; however, in the interest of patient security and transparency and our obligation to report unauthorized access to personal health information to federal agencies, we are contacting all affected patients," John Rasmussen, OHSU's Chief Information Security Officer, said.

With up-to-date technology insurance, businesses can rest assured that should a data breach occur, their company can recover quickly.

 

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