.: Hacker Insurance For E-Commerce Businesses
By:David Gass
Category:Home / Business / E-Commerce
Computer 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
Due to increased hacking activity and flawed security, companies incur high financial and network damages. It becomes very important to take insurance policies specifically covering damages against hackers or protecting an e-commerce business.
Drawbacks of Existing Insurance Plans
Traditional insurance policies are inadequate against most aspects of crime damages due to computers. Their coverage is based on physical assets, not information assets. They rarely can define cyber risk coverage and even if they do, the breach in security is excluded. Intellectual property infringement, content and advertising offences over the Internet, employee dishonesty, and computer fraud are all mute terms for traditional insurance companies. They do not recognize business monetary loss, reduction, or shut downs due to computer crimes by hackers.
Advantages of Hacking Insurance
Most insurance companies have come to terms with recognizing the impact of technology on business in present circumstances. They have become more sensitive to online or e-commerce business risks and seek to cover them adequately.
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
Cyber insurance is a potent weapon for improving Internet security. Cyber insurance products now being offered by insurance firms address the needs of e-businesses today. These types of insurance policies can be found online.
Article keywords: e-commerce, hacker, insurance, policies, password, breach, computer, crimes, damages, small business
Article Source: http://www.articles32.com
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.
.: New E-Commerce Articles
1). Personal Protection Information You Need to Stay Safe
Personal safety information and how it applies to everyone. Why you need to be aware of personal protection, regardless of your location or your occupation.
2). Work At Home By Selling On eBay
It does not take a lot to start working at home and selling on eBay. Here is how you can set up your own eBay business and work at home in 5 easy steps.
3). Traffic Exchange Program and Free Traffic. Does It Works?
Many webmasters are interested in getting more traffic to their web site, especially the new web site. Without a doubt many of the new webmasters will have a try on the free traffic exchange program all over the internet. So the question is, does it work?
4). Finding An Internet Based Business Oportunity
An internet based business opportunity is probably just a few keystrokes away, learn how to capitalize on this opportunity on a consistent basis.
5). How To Do Off Page SEO
Here are some simple step you can take to improve your off page seo.
6). Ten Reasons Why Your Business Needs A Website
Here are 10 good reasons why you will benefit by giving your small business a web presence.
7). Boost Your Income Streams For Your Online Business
Cross-selling and back-selling are additional profit streams to capitalize on existing traffic and conversion.
.: Top E-Commerce Articles
1). Ebay Store vs. Ecommerce Website
Many times a new product seller is torn between creating an eBay store and setting up a web store on your own domain. This article will help you decide if an eBay store is the right choice for your business.
2). Wholesale Myth: Do I Need A Business License Or Tax ID?
Discover the old time wholesale myth that has been hunting every wholesale business start-up student for decades. Once you discover how to get buy wholesale without a business license or tax id, your product selection will skyrocket.
3). The Pros and Cons of Online Commerce
As the Internet comes of age more and more people and buying goods online. This has becoming a growing trend that looks like it will continue to grow. But what are the pros and cons of buying goods online?
There are several things to consider. Let’s start with the pros. As competition for online business keeps growing exponentially the prices of goods are being driven down.
4). The e-Commerce Revolution
The Growth of E-Commerce
It's amazing all the changes in the way people do business in the short time since the beginning of the e-commerce revolution. The e-commerce revolution was predicted in the early stages of the internet. Those who predicted the sweeping business changes brought about by the world wide web knew what they were talking about.
In the early days of the e-commerce revolution customers were reluctant to give their credit card information to somebody on the internet.
5). The Next Google, eBay and PayPal All Rolled Into One - DXinOne
Ever wonder who the next Google, eBay or PayPal is going to be? Want to "get in on the ground floor" like the early employees of these companies who got cheap stock options and were able to cash them in later for big payoffs? This article will guide you toward just such an opportunity -- one that anyone can take advantage of with a modest investment of time and money.
6). Is SSL it Important? Selling Online Securely.
The question of what SSL is always comes up when you are selling online. It is usually followed by "Do I need it for my online store". In this article you will find out the answers to both your questions and more!
7). Merchant Accounts 101
For all of the new webmasters out there that have recently established a business and are looking to accept credit card payments online, here’s a little Merchant Accounts 101 course for you! In understanding how merchant accounts work, you will be better able to operate your online business smoothly and effectively.