In April of this year, the Heartbleed Security Bug was revealed to the public as a potential security threat to massive amounts of personal data stored on various websites. Now, months later, the Heartbleed Bug has been mostly contained, and has provided businesses more knowledge about how to prevent further problems such as this one with the help of their NJ business insurance policies.
The Heartbleed bug is a vulnerability within certain versions of OpenSSL an open source implementation of Secure Sockets Layer (SSL). In other words, Heartbleed exposes a lot of supposedly secure information to potential hackers. While it has been said to have only affected a small portion of the Internet, the potential for another, similar bug to appear in the future exists, as hackers are only going to look for new, more complex ways to get around the system.
If businesses have not already, they should make sure that any technological infrastructure is patched to the latest version in order to prevent data breaches that, as a result of the failure to update to the latest version of security software, might not be covered by their NJ business insurance.
In today’s increasingly digital world, companies that don’t make data security a top priority are obviously more susceptible to a data breach by hackers and, as a result of this, are also more prone to the publicity nightmares that follow these events. In the event of a poorly-handled data breach, many consumers would choose to find a competitor with better security for that service rather than take the risk that their information might be stolen. In this respect, all companies need to be extremely proactive when it comes to security in order to earn and maintain credibility in the consumers’ eyes and a strong brand in the business world.
Because there is always a risk, it is important to make sure that NJ business insurance policies will cover situations like these. It is also important to keep all consumers involved in the process if a business falls vulnerable to Heartbleed. Businesses should reach out to their vendors and consumers and be transparent about any problems with security as they arise in order to keep the consumers’ trust and the business’ good reputation.