Does your nonprofit have a cyber security plan? Data thieves and other cyber criminals don’t limit their attacks to large, high-profile organizations. Nonprofit organizations handle volumes of sensitive data every day. Those include donor information, client records, credit card numbers, confidential correspondence (emails, etc), and other transactions.
If your nonprofit has a computer network and/or collects personal or financial information (and what nonprofit doesn’t?), you risk data theft. If you don’t already have effective policies and sophisticated protections in place, your organization could be the next headline.
Here are 5 Simple But Effective First Steps to Protect Your Nonprofit From a Cyber Attack:
While you can’t put a monetary value on the information your nonprofit collects, a cybersecurity breach can be costly, racking up large sums of legal fees, wasting staff time and hurting your nonprofit’s reputation. A traditional insurance policy such as general liability does not protect your organization against such cyber attacks.
Discuss cyber liability coverage with your insurance agent and your organization’s board of directors. Weigh the benefits of purchasing cyber liability coverage. Cyber Liability covers damage to both your organization and third parties (donors, grantmakers, clients and other stakeholders), including costs associated with litigation, forensic and regulatory investigations, crisis management, reputation repair, credit monitoring, data restoration and business interruption. Many companies that offer cyber liability coverage also offer risk management resources to minimize your exposure to risk.
For more information, contact your trusted local insurance agent, Sandi Purinton with The Insurance Connection. We help our clients Live Better. Save More. That’s what we try to help you do at The Insurance Connection. Offering the benefits of an independent agency , The Insurance Connection carefully considers your individual insurance needs and finds the right coverage for the best price for you, all with a smile. Contact us today at 678-439-8757 or sandi@insconnectga.com to get free insurance quotes
Disclaimer: This material is for information only and is not intended to provide legal or professional advice. You are encouraged to consult with your own attorney or other expert consultants for a professional opinion specific to your situation. This information is only a general description of the available coverages and is not a contract. In an effort to keep your policy coverage affordable, the actual policy contains certain limitations and exclusions. Please refer to your insurance policy for the pertinent contract language and coverages. Some coverages and discounts are not available in all states. The Insurance Connection welcomes all applications, without regard to religion, race, color, national origin, sex, handicap or familial status.
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