While community associations may tend to focus on the physical, concrete issues pertaining to their communities, a community’s risks in cyberspace are gaining widespread attention. And it’s warranted—more than half of all malware attacks target small businesses. And with cybercrimes racking up $100 billion in damages annually, it’s more important than ever to safeguard the data that community associations store.
The cyber exposures that community associations face are specific, and we’ve developed three white papers that you can share with your insureds. We break down the types of risks community associations face and offer tips to prevent cybercrime.
When insureds want to know what risks they face—and what they are liable for—we offer a white paper on the four most common cyber exposures for community associations. From computer malfunctions to an employee’s stolen phone or laptop, we detail how sensitive data can be leaked via emails or on a website.
Equally important is a community association’s plan to protect their personal information. Our white paper on tips to prevent cybercrime is specifically geared to community associations. By establishing a cybersecurity policy and following the steps we outline, a community association can establish the important protocols.
For insureds looking for real-life examples of how a security breach can affect a community association, we offer a claim story out of California, where an HOA’s website was compromised—and what that meant for the board.