More and more businesses are choosing to conduct transactions over the Internet. With sales giants such as Amazon, eBay, and other large e-commerce websites allowing more people and businesses to sell their products online, there is much more information being passed around the Internet. Comprehensive cyber security insurance is an increasingly important layer of protection for many businesses, and more insurance agencies in Texas are offering this new layer to help improve information security for any business.

Data breaches and other information security hazards come in two essential forms: accidental release and forcible seizure of electronic information. Both types of data breaches are unfortunately more common than one might think, making cyber security insurance an attractive level of security for businesses that have a large or growing e-commerce business segment. Data breaches can include common information such as names and phone numbers or be as comprehensive as including social security numbers and credit card information, which opens up the possibility of identity theft. Insurance agents in Texas can write comprehensive cyber security insurance to help protect businesses from the effects of any accidental information releases or information seizures by a third party.

Cyber security insurance can cover first party and third party data as well as electronic media. First party data is proprietary data a business has collected on their customer for a service they provide. Cyber security insurance helps cover the costs to restore data owned by the business as well as the theft of money and securities through unauthorized access.

First party data breaches can be devastating for a business, however third party data breaches can have a more profound effect on everyone tied to that business. Third party data includes personally identifiable information such as name, email address, and social security number. Protected health information is also considered third party data. Bank information and trade secrets are also third party data that could be potentially very valuable to data thieves.

Electronic media coverage in cyber security insurance protects a business from any defamation, libel, or slander posted on the Internet about a business. Insurance agents in Texas can also write the cyber security insurance policy to cover accidental public posting of private information as well as copyright or trademark infringement.

In an increasingly electronic world, sensitive information is constantly changing hands through online transactions. Businesses need cyber security insurance to protect them from any damages that might arise from an accidental release of sensitive information or forcible unauthorized access. Independent insurance agencies in Texas can find the most cost effective cyber security insurance policy for any business.