The three common data breaches are physical, electronic and skimming.
A physical breach involves the physical theft of documents or equipment which contains personal information. Items at risk include:
An electronic breach involves unauthorized access or a deliberate attack on your systems or network.
Skimming involves the theft of payment/credit card information through capturing and recording the magnetic stripe data. If a dishonest employee uses a device to store or collect credit/debit card data, this will also fall under the skimming category.
Data breach insurance covers expenses that your business incurs when addressing a breach of data on your business’s system or network. Examples of this coverage include: