Wednesday, August 28, 2013

Cyber Liability Calculator/CBS Radio

I have mentioned in past emails  the importance of taking steps to prevent a cyber breach. I found this calculator very interesting as it will tell you the cost should someone get records in your data base. Please see calculator below.  Note it does no include the cost t include You all  may want to consider cyber insurance but even if you don’t purchase it you should take steps to protect yourself

-          How many employee records (past & present) do you have in your computer database?
-          Do you have EFT information in your computers for your employees’ pay checks?
-          How many customer files do you have?
-          How many credit card transactions have you run in the last month, year, etc?
-          Do you have a loyalty rewards program for your clients? (grocery store discount card, restaurant loyalty card, etc)  Those programs almost always require a Name, address, and phone number…which counts as “Personally Identifiable Information”.

The privacy and notification laws do not just apply to social security numbers. 

Here is another great website that shows up-to-date information on the latest reported incidents of cyber-crime against businesses:

You’ll notice on that list that just last week, the university of Mississippi medical center had a breach affecting over 2000 records in their database.  If you plug that number into the calculator, that is going to cost them over $330,000!!

I am still looking  for small businesses in the LA area that will talk to CBS radio in LA about how the Affordable Care Act will affect their business. They would like a business with less than 50 employees and will be interviewing small businesses October 3. If you  are interested in talking to them please let me know as soon as possible.

Scott Hauge
Small Business California
2311 Taraval Street
San Francisco, CA  94116

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