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Interest in Network Risk and Privacy Liability Spans Across Various Industries

Posted on: Friday, 2 May 2008, 09:00 CDT

SACRAMENTO, Calif., May 2 /PRNewswire/ -- As network risk and privacy liability concerns grow among various industries, an increasing number of professionals are seeking advice on the best ways to uncover their firms' exposures.

During the April session at the Women's Network Group meeting in Sacramento, views were shared about the growing network risk and privacy liability concerns and developed a list of industries most at risk and a few questions that can help firms identify their exposures.

Industries most at risk for network risk and privacy liability risks could include healthcare, benefit plan consultants, accounting and financial consultants. In addition, lawyers, insurance agents and carriers, travel agents and retailers are usually holders of private data. Real estate, property managers and appraisers were also likely candidates of industries at risk. Lastly, any technology, Internet or pharmaceutical firms have some exposures as well. The group also added a broad category of any firm or industry that holds or has access to private data. That is a large group of industries that should be reviewing their network risk and privacy liability exposures frequently.

While exposures questions are meant to be only one tool to uncover hidden exposures, the group developed a list of questions that you can use to help identify risks. They include:

-- Firms that collect, hold private client data. -- Firms that use independent contractors or temporary workers to help manage their data and business. -- Firms that practice sharing of data with anyone. -- Firms that have revenue streams that are dependent on the availability of their websites, networks, systems, applications, and/or data. -- Sharing of data in real time, computer networks connected to the public Internet or connection to your partners. -- Firms that provide a professional service over the Internet.

These were just a few of the exposures questions developed in the April meeting.

For more information about how network risk and privacy liability may impact your firm or insurance products to protect against these exposures, please contact Anna Smith at californiawomensnetwork@gmail.com or Julie K. Davis at Julie_K_Davis@ars.aon.com or by phone at 408-439-2654.

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

Women's Network Group

CONTACT: Anna Smith, californiawomensnetwork@gmail.com, or Julie K.Davis, +1-408-439-2654, Julie_K_Davis@ars.aon.com, both for Women's NetworkGroup

Source: PRNewswire

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