Data breaches seem to have become more common these days with more information working through the web and now there's insurance that can be purchased, which will even cover any fines according to this article. BD
A unit of the alliance, Premier Insurance Management Services, Charlotte, N.C., is offering the data privacy and network risk liability insurance in partnership with Media/Professional Insurance, Kansas City, Mo. The insurance covers such expenses as crisis management, public relations and customer notification. It also covers expenses, fines and penalties arising from government and regulatory agency investigations into the handling of personal data.
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