Millions of customers have just slammed the hotel giant Marriot International with a serious class-action lawsuit, demanding significant compensation after their sensitive information was stolen, in one of the world’s most significant data breaches ever. A technology consultant is leading the lawsuit after hackers had access to personal details of over 300 million guests.
In September of 2018, Marriot International revealed that hackers stole personal data, including passport numbers, credit card numbers, and the dates of birth of millions of guests from the company’s global guest reservation database. When the company investigated the breach, it concluded that certain individuals had been given unauthorized access to its system since 2014, and unidentified cyber-criminals had taken the information of 339 million people.
Cyber-breaches may impact a company’s reputation, as customers may feel they cannot trust the company to keep their personal information safe. These data-breaches can impact businesses of all sizes and located anywhere in the world. Therefore, in addition to taking appropriate cyber-security measures, you can further safeguard your company with cyber liability insurance!
At Colonial Surety Company, we never want your company to be left unprepared if a cyber-breach occurs. Our cyber protection covers both the company and the company’s retirement plan. Cyber Liability Insurance is available in our two-to-three-year ERISA bond packages, which include ERISA coverage, Fiduciary Liability Insurance, and Cyber Liability Insurance, to give you the best value of the coverage you can’t get anywhere else! Click here to get your coverage now!