Tuesday, March 04, 2008

Smaller Firms and Unions Face Data Theft Risks

Hackers try new targets as big companies tighten security.

Identity theft and data security breach incidents are on the rise, but many companies and unions are not prepared to deal with this risk. Small and mid size companies are the most vulnerable. Bigger companies have gotten the message and stepped up their security efforts. Now data thieves are working their way down the food chain.

The FTC estimates as many as 9 million Americans have their identities stolen each year. A 2007 FTC report estimates that identity thieves steal $48 Billion from businesses and $5 Billion from consumers annually.

Insurance companies are finally writing policies to cover this exposure. Contact your Independent agent today.