Data Breach Security Program*
Offers merchants protection and, most importantly, peace of mind from a possible data breach. No matter whether it’s a network breach, theft of equipment or employee dishonesty, Midwest BankCentre is here to help you save the fate of a business from potentially threatening financial consequences resulting from a data breach.
As the number of credit card transactions, both authentic and fraudulent, continues to rise, you can rest assured that Midwest BankCentre is here to help provide best-in-class protection from the significant expenses that can result from a data breach with our Data Breach Security program.
Expenses from a data breach can easily amount to more than $20,000 even if the breach is only suspected. Midwest BankCentre is here to help you save the fate of your company from potentially threatening financial consequences.
We’ve Got You Covered
Many business owners may mistakenly believe that thieves and hackers only target large merchants with high sales. But data breaches can happen to any business, regardless of size. There are several kinds of breaches that can occur, including network breaches, like hacking and skimming, and physical losses resulting from employee dishonesty or third-party theft of computers or paper records. Midwest BankCentre's Data Breach Security Program provides coverage from the expenses associated with these types of losses.
Three Areas of Protection
The insurance program covers:
- A mandatory forensic audit required by the Payment Card Industry Data Security Standard (PCI DSS) when a data breach is suspected. This audit will confirm whether an actual breach has occurred and pinpoint where your system is most vulnerable.
- Card replacement costs and related expenses.
- PCI DSS assessments and fines levied resulting from a breach. These fines are required by MasterCard® and/or VISA® in the event of an unintended breach of confidential customer information, whether the information security breach is caused by an online hacker, a dishonest employee, or the actual theft of a computer or paper records.
We welcome the opportunity to help you make sound decisions about which business banking products will benefit you. Contact our business banking advisors today!
*Offered through TransFirst