Don’t Let 15 Minutes of Fame Cripple Your Business
Companies can install security systems to try and keep out hackers. They can ask employees to sign non-compete clauses to keep them from stealing their trade secrets. But businesses likely aren’t protecting themselves against perhaps the most damaging threats of all, the “15 minutes of fame” phenomenon sweeping the world.
Facebook, MySpace, Twitter, LinkedIn all appeal to the ego. Nothing is more satisfying to a disgruntled employee than receiving INSTANT recognition by seeing confidential information he or she provided plastered anonymously all over the Internet.
This type of negative publicity could ruin a small business, which lacks a proper crisis communication strategy.
The negative social media can result in claims of defamation, libel, slander, emotional distress.
Fortunately, adequate insurance coverage can protect against potential damages resulting from negative social media, hacking of computer systems and the compromising of offline sensitive data.
The name of this type of coverage is Cyber Security / Privacy Liability Policy. The costs depend on the revenue size of the company and it works for all size businesses that conduct their operations electronically.
It might be the ounce of prevention you need in this Internet age.
