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Steve Haase
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Simplifying Insurance for Emerging Risks
Simplifying Insurance for Emerging Risks

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Join us at one of our our 2017 Cyber Risk Management Boot Camps!
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With the geotracking capabilities of smartphones, did you know that you leave a digital trail?  This type of information is making it easier for criminals to track their intended victims.  http://www.insuretrust.com/smartphone-pictures-pose-privacy-risks
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Hospice facility in Idaho was fined $50,000 for a breach. It was the first settlement by HHS for a HIPAA data breach of less than 500 patients’ records.
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Federal agents recently arrested 13 people in four different states in connection with what is being described as one of the largest credit card fraud schemes ever.  A handful of others had already been previously arrested.  According to the FBI, at least $200 million was stolen from businesses and financial institutions over the scam’s multi-year run.
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On February 1, 2013, the micro-blogging service revealed that approximately 250,000 users’ account information – including usernames, email addresses, and passwords – was potentially compromised.  If you use Twitter and your account was among those the hackers could have broken into, you should have received an email from Twitter notifying you of the attack.
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It’s amazing what kind of information about you is floating around in cyberspace:  Your bank account numbers, financial transactions, medical records, and other details of your personal life that you trust is being kept private.  Perhaps for the most part, only approved eyes see it.

Add to these files the less secretive details you announce to friends and family via Facebook, Instagram, or other social media outlets, and it’s easy for a hacker to know far more about your life than you might suspect.
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Hacking continues to be a costly problem for US businesses, according to a Ponemon Institute report released in October 2012.  For each the businesses and organizations studied, the average cost of cyber crime is $8.9 million annually, an increase of 6% from last year. The impact, however, can be more severe on a smaller company, because there is a base level of expense to recover from an attack that, as a percentage of revenue, consumes a larger portion of a small business’ resources.
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