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ARTICLE · 01 MARCH 2019

Cybersecurity Insurance: Does Our Business Need It?

By now, we are all too familiar with the issues and pitfalls associated with cybersecurity breaches in a multitude of industries. Consider Equifax, Home Depot, Yahoo or Target, to name a few.

United StatesEmployment and HR

By now, we are all too familiar with the issues and pitfalls associated with cybersecurity breaches in a multitude of industries. Consider Equifax, Home Depot, Yahoo or Target, to name a few. Those well-publicized incidents overwhelmingly concerned customer and/or consumer privacy invasions, but touched barely, if at all, on whether those breaches compromised employees' private information, or whether those companies should have done more to protect not only their customers' information, but their employees' as well. Should this be of concern and if so, what should employers be doing about it?

The answer, at a minimum, is that employers need to be thinking about these questions, determining whether they ought to be getting answers, and how quickly. If your customer data can be compromised, no doubt your employees' data can be as well.

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