From time to time, we like to share examples of claims that have happened to other schools.  We hope that we can help your school avoid potential problems in the future by providing the details around the claim.  The following claim is related to a cyber liability policy.

A woman purchased a used computer from a charter school that was selling old equipment. The computer still contained the personal records, including names, addresses, and social security numbers of prior students and parents.

Loss: The cost of notifying affected parties per state law totaled nearly $110,000. Two lawsuits have been filed: one alleges damages over $200,000 from a party who claims she lost her job due to the disclosure; the second alleges that the plaintiff’s identity was stolen and that costs of correction and emotional distress will exceed $100,000.

If you would like to find out more about obtaining a cyber liability policy for your company, please feel free to contact us.