What are the most common ways data gets compromised? According to Verizon, the most common cyber attacks involved network intrusions exploiting weak or stolen credentials (76%), hacking (52%), malware (40%), physical attacks (35%), social tactics or engineering (29%) and misuse or abuse of privileges (13%).1 Is all cyber insurance the same? No.  Each insurance policy may be materially different, it is important to work with your agent about tailoring a Travelers cyber insurance policy to fit your needs. Travelers offers superior services backed by our financial strength, underwriting experience and superior claim services. What standards apply to data privacy? There are a variety of Consumer Protection Laws and standards in place that address handling private and confidential data of others, including such examples as:

• 47 State Data Breach Laws
• USA Patriot Act
• Children’s Online Privacy Protection Act (COPPA)
• Health Insurance Portability & Accountability Act (HIPAA)
• Health Information Technology for Economic & Clinical Health Act (HITECH Act)
• Gramm-Leach-Bliley
• Sarbanes-Oxley
• Federal Information Security Management Act (FISMA)
• EU Data Protection Directive
• California Data Breach Protection Act (SB 1386)
• Payment Card Industry Data Security Standard (PCI-DSS)

What should I do to prepare against cyber risks? It is the business or organization's responsibility to protect its assets—which includes its data. Including the security of sensitive records and information as a category of managed risk is smart business and cyber liability insurance is a critical part of your plan that can help mitigate the associated expenses of a cyber attack or data breach.