Re: Insurance - Privacy and Network Liability

[Dave Kovarik <david-kovarik () NORTHWESTERN EDU>]

Matthew - This response from our Risk Assessment guy - Dave
Dave Kovarik
NUIT-ISS/C
847-467-5930
****
We do not have this coverage, most Universities don't according to the 
most recent poll I've seen.
***


Matthew Giannetto wrote:
> 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
>
>
> ------------------------------------------------------------------------
> Montgomery County Community College is proud to be
> the #1 ranked technology-savvy community college in the nation,
> as determined by the Center for Digital Education and the
> American Association of Community Colleges (AACC).