Toronto, ON (April, 2005) – Insurers Financial Group offers the following advisory:
Their size, portability and value make laptops an easy target for theft. Laptops serve as beneficial tools in personal use, school, business and entertainment. Aside from their tangible market value, the stored confidential information is reason enough to allure both amateur thieves and sophisticated fraud rings.
Theft of corporate computers has seen evolving litigation trends from the owners of personal information contained on computer hard drives. Organizations may find themselves defending legal actions filed by individuals whose identity or personal information is at risk. Organizations may have breached their fiduciary duties for failing to secure personal information and/or failing to provide timely notice of its disappearance. Allegations have included negligence, violation of privacy, breach of confidentiality and contract. The legal landscape has not been friendly. The new privacy legislation and class action suits will not only serve to increase a corporation’s duty of care but also the extent it can be held legally accountable in the safekeeping of personal information.
WHAT CAN YOU DO?
Having guidelines available for your employees outlining precautionary measures to reduce the risk of computer theft is a proactive step to protect your assets and reduce your liabilities. The following steps may be taken to limit your exposure:
Activate built-in locking device when not in use
Strangers and outside trades should not be left unattended in your office
Record serial numbers and report them to your Insurer as required by your policy to assist in the recovery and speed up the claim settlements
When traveling, never check laptops as luggage
Always keep your vehicle locked and laptop out of sight
For additional security, use encryption programs or password protection
Disaster Recovery – Have a plan to provide timely notice to affected people
Proper destruction and disposal of old lap tops and desk tops.
BUT, WHAT DO YOU THINK?
Insurers Financial Group.
The Insurers Financial Group (IFG) was founded on four core values – integrity, respect, innovation and action – and they have served us well. A large part of our success can be attributed to our continuing commitment to client satisfaction. Whether it’s as simple as insuring your home and automobile, or as complicated as specialized business insurance, or estate planning, we have the experience and expertise to customize a program to meet your needs. We’re proud to be building IFG on solid foundations. See for yourself what we have to offer. Check out our web site at