Risk Solutions

HSB WHISTLESTOP

For Agents & Brokers

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10 tips to help protect your financial information

Tax season is a risky time for consumers and businesses

Tax season is a prime time for identity theft and cyber crime as businesses and individuals share financial information online and in the mail, but agents and brokers can help their clients protect personal data with some simple security tips.

Take extra care to safeguard private records

A little loss prevention goes a long way to safeguard financial records and other important information, whether it's stored electronically or in physical files. The cyber security specialists at HSB advise its customers to follow these guidelines.

Share these data security tips with your clients


  1. Keep operating systems current with the latest security patches.
  2. Make sure that anti-virus computer software is activated and up to date.
  3. Secure your home computer network: make sure your network is protected with a strong password; consider configuring your wireless network so the SSID is not broadcast.
  4. Use a dedicated computer or device for all online banking and other financial activities. Make sure it is separate from devices you use for general Web browsing and social media.
  5. Secure your Web browser; use the most up-to-date version of your browser of choice. Beware of "phishing" schemes online - your bank or financial institution will never ask for sensitive information to be provided in an email response.
  6. Set up two-factor authentication for all of your online accounts. If you have a relationship with a financial institution that doesn't support two-factor authentication, encourage it to develop that support.
  7. Maintain encrypted backups of critical personal and financial data at an off-site location. You might consider keeping sensitive documents in a safety deposit box at your financial institution.
  8. Monitor your physically delivered mail for sensitive financial documents, or activate on-line delivery of the information through a secure website.
  9. Remember - a large amount of private information is exposed when documents are lost, mishandled or stolen. Be careful with physical records.
  10. Always purge old financial documents and destroy them via a cross-cut shredder. Don't leave sensitive documents unsecured in your home or office where contractors, service workers, or others could access the information. Never dispose of identifiable financial data in the trash.

Don't forget insurance protection

It's important to include data insurance coverage in every commercial policy. You can bundle HSB's Data Compromise and Identity Recovery coverage with our equipment breakdown policies to provide broader protection for your clients.

Protection for equipment and data risks

HSB Data Compromise helps your clients respond to a data breach and HSB Identity Recovery can ease the burden of identity theft. Our equipment breakdown insurance also can pay to repair or replace key data equipment and recover or recreate lost data.

Contact your HSB representative for more information.

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10 tips to help protect your financial information