Ensuring Cyber Liability Compliance in ABA Data Collection: Safeguarding Personal Identifiable Information

In the evolving world of technology and the digital landscape, Applied Behavioral Analysis (ABA) providers are increasingly grappling with ensuring Cyber Liability Compliance, particularly regarding safeguarding Personal Identifiable Information (PII). These entities handle a wealth of sensitive data, from medical records to personal contact information, which calls for deploying adequate Cyber Liability Coverage to shield themselves from cyber threats.

News of data breaches involving high-profile corporations like Equifax, Anthem, Yahoo, Target, and Sony have become an everyday occurrence. This underscores the gravity of cyber threats and serves as a stark reminder that such risks are not unique to large corporations. Small to midsize businesses, including ABA providers, are increasingly becoming the targets of these cyberattacks. Consequently, safeguarding cyber liability has ascended to the top of all exposures businesses should diligently manage.

The Role of Cyber Liability Insurance in ABA Data Collection

In Applied Behavior Analysis (ABA), data collection is pivotal. It helps track progress, make data-driven decisions, and adjust therapy protocols. Handling and storing such sensitive data necessitate stringent data protection measures. As a result, Cyber Liability Insurance becomes an integral component of your insurance program.

At ISU-The Olson Duncan Agency, we help manage your cyber risk with a strategy that includes robust Cyber Liability Insurance. We can tailor our policies to provide various coverage features depending on your industry and individual business exposures. For ABA providers, these coverages include legal and forensic services to determine if a breach occurred and comply with regulations, notification of affected individuals, and customer credit and fraud monitoring services, among others.

The Far-Reaching Consequences of Cyber Events

The damage from a cyberattack can be far-reaching. It extends beyond the immediate first-party expenses after a data breach to potential third-party costs resulting from lawsuits filed by clients and vendors. In light of these statistics, it’s crucial to underscore the importance of having Cyber Liability coverage. Approximately 52% of incidents involve a malicious or criminal attack, negligent employees cause 24%, and 24% are due to system glitches.

The Comprehensive Solution Offered by Olson Duncan Insurance

Our value proposition at Olson Duncan Insurance goes beyond providing a quote or an insurance contract. We aim to deliver a total solution to our clients. We provide ABA providers with industry-specific insurance and risk management services, including BCBA liability insurance, workers’ compensation, group health benefits, and more, to safeguard your valuable work. Our mission is to provide value, establish trust, and build long-term relationships.

It’s Time to Ensure Your Cyber Liability Compliance

If your ABA service handles and stores sensitive information, it’s time to consider Cyber Liability Coverage. It’s estimated that the average cost for each lost or stolen record that may contain sensitive and confidential information is $225. This high cost and potential reputational damage underscore the need for adequate Cyber Liability Coverage.

By partnering with ISU-The Olson Duncan Agency, you can proactively safeguard your business and the Personal Identifiable Information you handle. We can assist you in navigating the complex landscape of Cyber Liability and ensure compliance. Call our team at (310) 373-6441 to discover how we can help ensure your Cyber Liability compliance today.

About Olson Duncan Insurance

At Olson Duncan Insurance, we strive to offer all-inclusive solutions rather than mere quotes or policies. Our clients rely on lasting, trust-based relationships and appreciate the tailored insurance and risk management solutions they receive. Contact Daniel and our team at (310) 373-6441 to discuss your needs or request a quote.