What the Church and Target Have in Common
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Church Cyber Risks
Cyber Liability is an area of risk that has grown tremendously. Whether it’s holding networks ransom, tapping into donation databases or creating similar domain names and email addresses, hackers will stop at nothing. Hardly a week goes by without the release of a high-profile cyber-attack like Target, Sony, Chick-Fil-A, Staples, Morgan Stanley, etc. Unfortunately, many people think large companies are the only ones at risk for an attack; that couldn’t be further from the truth. Sixty percent of attacks in 2015 were actually on small to medium-sized businesses. Even the smallest church has a cyber risk.
For instance, a few years ago, hackers broke into a system operated by St. Ambrose Cathedral of Des Moines, Iowa, stealing more than $680,000 the church raised to help homeless and abused women. First Presbyterian Church of Birmingham, Alabama had their records compromised after the church's computer system became infected with ransomware. Security experts say churches are tempting targets because they often lack sophisticated security that most retailers now employ.
Think about your website, emails, online giving, member database, Facebook, etc. Where do your largest exposures exist? Here are two key considerations:
1. Data breaches - If your church's database is hacked and members' personal information is leaked, the church is held liable. When a breach happens the church is responsible for several things.
- First, they have to notify everyone affected by the breach.
- Second, they have to monitor the credit of all those affected to make sure the breached information doesn't negatively impact members.
- Third, they have to pay the costs of fixing their system. This all translates to very high costs for the church.
2. Third party damage - If emails are sent from your church to a third party containing a virus and it crashed the receiver's system, the church is liable for that damage.
Cyber liability coverage is one solution to help protect churches from the ever-growing cyber exposures we’re facing today. Depending on many factors, every church has a different level of risk. Learn more about your risks and mitigation techniques in our latest Assurance University Replay: Cyber & Privacy Liability.
If you have questions about how your church can be better protected, reach out to our ‘A’ Team and ask about our Protection Ministry.
- Private Companies Must Wake Up On Cyber Liability Insurance
- 5 Questions Risk Manager Should Ask About Cyber Risk
- 10 Tips for Buying Cyber Insurance
- Cyber & Privacy Liability Webinar Series: Part 1
- Cyber & Privacy Liability Webinar Series: Part 2
- Cyber Liability E-Book
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