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Hacker Insurance For E-Commerce BusinessesComputer crimes or computer security breaches cost American companies over $150 million in lost revenues every year. This includes theft of information, sabotage of data or networks, system penetration by outsiders, abuse of internet access, spoofing, viruses, financial fraud, active wiretapping, unauthorized insider access and theft of laptops. These hackers could be amateurs simply motivated by the challenge to crack a system, professional outsiders hacking to gain company information illicitly, or an employee hacker. Despite firewalls, computer security can be inadequate against hackers. Why Hacking Insurance is Necessary Drawbacks of Existing Insurance Plans Advantages of Hacking Insurance Since 2000, a few companies are beginning to cover the computer security breaches. These companies address a host of e-commerce crimes like cyber extortion, content defamation, copyright and trademark infringement, viruses, theft, destruction, or alteration of data. They offer rewards for apprehending hackers and reimburse for post hacking crisis management. Many specialty insurers have come to the forefront to offer e-commerce protection packages. The chief advantages are that some criminal behind the keyboard cannot destroy your business. Information gives companies a competitive edge in the global economy. It can be disastrous for the company, if the information is destroyed, stolen, virus infected, or divulged to competitors. Many insurers have started offering insurance products to protect companies from network breaches or virus attacks. Additional Help
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Article Tags: Computer, Insurance, Small Business, E-commerce, Breach, Policies, Damages, Hacker, Password, Crimes Article Source: http://www.articlesbase.com/ecommerce-articles/hacker-insurance-for-ecommerce-businesses-50152.html About the Author:
David Gass is President of Business Credit Services, Inc. His company publishes a free weekly e-newsletter on Small Business Consulting at their web site http://www.smallbusinessconsulting.com.
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