Insurance - Privacy and Network Liability

[Matthew Giannetto <MGiannetto () MC3 EDU>]

It seems to be an annual occurrence that our President asks my Vice President if we need privacy/network liability 
insurance.  Naturally, she then asks me the same question.

We're still in the early stages of building our IT security program and see data loss as one of our most significant 
threats.  I'm wondering if privacy/network liability insurance is worthwhile, maybe even just until our IT security 
program matures and we're more comfortable with the safeguards we have in place.  Obviously, though, the decision 
depends on our risk tolerance and the cost of the policy.

We're also trying to determine if carrying privacy/network liability insurance is becoming any more common for other 
schools.  Does anyone care to share their experiences, either purchasing this type of insurance, or researching and 
deciding not to purchase?

Thanks,

Matt Giannetto
Manager of IT Security
Montgomery County Community College
mgiannetto () mc3 edu | (215) 619-7442


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