Saturday, July 18, 2015

WSJ advises small businesses on fending of hackers, and on cyberinsurance

Lou Shipley has an article in the Wall Street Journal on p. A9 Friday, July 17, 2015, “How small businesses can fend off hackers”, link here.

The presumption is that, as a business, you keep your own consumer data rather than outsourcing all of it for credit card processing.   Or you may outsource to a company transparent to consumers who still think they are dealing with you (as compared, say, to using only big e-commerce retailers like Amazon and BN).  It may sometimes be necessary to do this to protect the use of a trademark. 
The author recommends buying cyberinsurance.  But this may be possible only if you have enough actual consumer volume to justify it and seem “legitimate”.


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