015 | What is HOA Cyber Insurance?

06/08/2023 33 min Temporada 1 Episodio 15
015 | What is HOA Cyber Insurance?

Listen "015 | What is HOA Cyber Insurance?"

Episode Synopsis

Send us a textThink your HOA is immune to Cyber Security threats? Think again! This episode dives into the 4 critical areas every community board member needs to protect from digital dangers by having cyber insurance!🔒❗Join our LIVE Podcast April 1st 2024 on Youtube! 👉  https://www.youtube.com/watch?v=24KbKsKyoNY✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/ Discover the hidden risks in your HOA's cybersecurity strategy. Kevin offers his unique insights into the importance of cyber coverage - a severely overlooked aspect for many associations. Learn about the top four areas of concern for any HOA board member: protecting personal data, safeguarding association funds, securing digital equipment, and defending oneself against potential lawsuits. Kevin also highlights the dangers posed by cybercriminals who seek to exploit this vulnerability, detailing real-world scenarios in which HOAs can be tricked into giving away data or funds. Dive deep into the alarming world of social engineering and how it poses a significant threat to your community. Understand how cyber insurance coverage is an integral part of your HOA's insurance needs and why ignoring it is a risk you simply can't afford. Chapters from today's episode: What is HOA Cyber Insurance?:0:00 The problem with unsecured HOA data files02:27 Why you need to be worried about not having cyber coverage for your HOA 16:54 What specifically does cyber coverage cover for your HOA?18:19 Sponsor Break: Association Reserves18:51 How our new ways of communication are best protected by old ways21:14 How criminals get access to your data on site at your HOA22:23 How doe insurance companies evaluate cybersecurity risks to HOAs and how much does it cost?25:22 Additional reasons why you want cyber security for your HOA29:42 Episode RecapPodcast Links:Full Episode ListWatch On YoutubeEngage in the conversation! Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected] yourself or a Board Hero you Know!Board Hero NominationsBoardmember Merch Store!Connect with Hosts on LinkedInJulie AdamenKevin Davis, CIRMSRobert Nordlund, PESupport Our SponsorsAssociation Insights & MarketplaceAssociation ReservesCommunity FinancialsKevin Davis Insurance ServicesStokelight Video & MarketingThe Inspectors of Election