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Target’s Cyber and D&O Insurance Might Save Them Serious Cash
We can’t resist talking about this Target Data breach incident. It has become a major talking point in tech community and the news that keeps surfacing makes for a great little case study. So in the latest bit of news to surface: January 24 • Cyber Liability • Directors & Officers • Thought Leadership
Carl Niedbala
Managing Partner; COO & Co-Founder
Snapchat gets hacked, basically says “NBD, you guys”
Only weeks after Snapchat made the headlights for spurning a $3+ billion buyout offer, the company is back in the limelight in a less-than-ideal fashion.
UPDATE: Target’s Data Breach and the Need for Cyber Liability Insurance
Recently we wrote about the data breach that occurred at Target’s point-of-sale systems in stores across America. The breach lead to the theft of roughly 40 million credit card numbers, names, and CSV codes. Here’s what’s been happening since the announcement:
What Startups Need to Know About Business Interruption Insurance
What is it? At a very high level, business interruption insurance (“BII”) protects the insured when business operations are interrupted (no, really?!). Typically this coverage is paired with others, including General Liability and Cyber Liability.
Even Sony Can Mess Up Their Insurance
Admittedly this probably can’t be considered a “current” event, but we stumbled across this article somewhere on the interwebs and it’s an important story to tell (particularly on an insurance blog). Big lessons can be learned by this one. Here’s the gist:
Startup Cyber Risk Checklist
Cyber liability is a huge area of exposure for most startups. Even if you’re not a “tech” startup per se, most tech companies today tend to leverage 3rd party tech products in ways that can leave them exposed.
Insurance for B2C services companies
The Space There’s a new breed of technology-enabled B2C services startups and we deal with a ton of them at Founder Shield. Think Uber, GetMaid, Makespace…all of these companies use custom platforms to access traditional service providers in very non-traditional ways. This creates exposure to a wide variety of liability. Here’s a quick look:
Insurance for SaaS & Enterprise Companies
The Space The SaaS space is hot spot for startups. We work with several companies building SaaS solutions, ranging from data collection to “consultative sales” to outpatient management and all done in the cloud.