Data breaches can have severe consequences for career colleges, especially those handling sensitive personal information like student records, financial data, and employee information. Prepare for potential breaches by developing a comprehensive data breach response plan. This plan should outline the steps to be taken immediately after a breach is detected, including notifying affected parties, securing compromised data, and collaborating with cybersecurity professionals to investigate the breach. Ensure compliance with federal and provincial regulations regarding data protection and breach notification. Additionally, consider purchasing cyber liability insurance to cover costs related to breach response, legal fees, and potential regulatory fines. Proactively preparing for a data breach protects your college’s reputation, minimizes financial loss, and builds trust with your stakeholders.
NACC has partnered with HUB Insurance to provide a one-stop shop for Commercial Insurance, Employee and Student Benefits, Group Retirement, Surety, and Personal Insurance. To discuss your college’s unique needs, please complete the form found here: HUB Inquiry Form
