{"id":1798,"date":"2019-08-13T15:19:42","date_gmt":"2019-08-13T19:19:42","guid":{"rendered":"https:\/\/solutionsreview.com\/talent-management\/?p=1798"},"modified":"2019-08-13T15:21:12","modified_gmt":"2019-08-13T19:21:12","slug":"paychex-introduces-cyber-liability-protection","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/talent-management\/2019\/08\/13\/paychex-introduces-cyber-liability-protection\/","title":{"rendered":"Paychex Introduces Cyber Liability Protection"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1799\" src=\"https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection.jpg\" alt=\"Paychex Introduces Cyber Liability Protection\" width=\"800\" height=\"400\" srcset=\"https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection.jpg 800w, https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection-300x150.jpg 300w, https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection-768x384.jpg 768w, https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection-540x270.jpg 540w, https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection-162x81.jpg 162w, https:\/\/solutionsreview.com\/talent-management\/files\/2019\/08\/Paychex-Introduces-Cyber-Liability-Protection-360x180.jpg 360w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>In order to help safeguard businesses against the unforeseen costs associated with cyberattacks,<a href=\"https:\/\/www.paychex.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"> Paychex, Inc<\/a>., a leading provider of integrated<a href=\"https:\/\/bit.ly\/2TYEFec\" target=\"_blank\" rel=\"noopener noreferrer\"> human capital management solutions<\/a> for payroll, HR, benefits, and insurance administration services, is now making cyber liability protection available to its clients through Paychex Insurance Agency and AXIS Insurance Company, a leading cybersecurity insurance carrier.<\/p>\n<div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><p><a class=\"speedbump-1\" href=\"https:\/\/solutionsreview.com\/talent-management\/free-talent-management-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"Talent Management Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/talent-management\/files\/2019\/02\/tm-bg-speedbump.jpg\" alt=\"Download Link to Talent Management Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/p>\n<\/div>\n\t\t<\/div><\/div>\n<p>According to the <a href=\"https:\/\/www.paychex.com\/newsroom\/news-releases\/cyber-liability-protection\" target=\"_blank\" rel=\"noopener noreferrer\">announcement<\/a>, the policy helps business owners mitigate the potential financial impact of data breaches, hackers, ransomware, and online banking fraud by assisting with costs involved in the response and recovery after an attack, up to specified policy limits.<\/p>\n<p>With access to 24\/7 crisis management and a top cybersecurity law firm, subscribers get coverage for:<\/p>\n<ul>\n<li>Privacy regulation liability \u2013 to help offset potential fines or penalties from state and federal agencies if it\u2019s determined that a business failed to adequately protect personally identifiable information (PII)<\/li>\n<li>Forensic investigation \u2013 to identify the source of a cyberattack and where existing security systems may have failed<\/li>\n<li>Litigation \u2013 to help pay for legal defense, even if allegations are groundless, false, or fraudulent<\/li>\n<li>Ransomware and social engineering attacks \u2013 to recover from instances of cyber extortion or fraudulent transfer instructions<\/li>\n<li>Business interruption \u2013 to provide reimbursement of reasonably expected lost net profits and data recovery costs (Included only with the $1,000,000 policy option)<\/li>\n<\/ul>\n<p>\u201cCyberattacks present a growing threat to businesses of all sizes, not just large corporations,\u201d said John Gibson, senior vice president of service at Paychex. \u201cCybersecurity insurance can offer peace of mind and be particularly critical for businesses with fewer than 1,000 employees, 60% of which fail within six months of a cyberattack due to a lack of resources to offset the breach.\u201d<\/p>\n<p>Businesses can take advantage of flexible coverage limits to secure the right policy for their unique circumstances.<\/p>\n<hr \/>\n<p style=\"text-align: justify\"><em><span style=\"text-align: justify;font-size: 1em\">Looking for more? Download our <\/span><a style=\"text-align: justify;font-size: 1em\" href=\"https:\/\/solutionsreview.com\/talent-management\/free-talent-management-buyers-guide\/#sf_form_salesforce_w2l_lead_1\" target=\"_blank\" rel=\"noopener noreferrer\">Talent Management Buyers Guide<\/a><span style=\"text-align: justify;font-size: 1em\"> for free to compare the top-24<span style=\"font-size: 1em\"> products available on the market with full page vendor profiles, key capabilities, a talent management market overview, our bottom line analysis, and questions for prospective buyers.<\/span><\/span><\/em><\/p>\n<div>\n<p style=\"text-align: justify\"><em>And don&#8217;t forget to follow us on\u00a0<a href=\"https:\/\/twitter.com\/WorktechReview\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>,\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/erp-solutions-review\" target=\"_blank\" rel=\"noopener noreferrer\">LinkedIn\u00a0<\/a>and\u00a0<a href=\"https:\/\/www.facebook.com\/solutionsreview\/\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook\u00a0<\/a>for all the latest in Work Tech space!<\/em><\/p>\n<p style=\"text-align: justify\"><div class=\"widget\"><div class=\"aside-card\">\t\t\t<div class=\"textwidget\"><a class=\"speedbump-3\" href=\"https:\/\/solutionsreview.com\/talent-management\/free-talent-management-buyers-guide\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1682\" title=\"Talent Management Buyer's Guide\" src=\"https:\/\/solutionsreview.com\/talent-management\/files\/2019\/02\/tm-bg-speedbump.jpg\" alt=\"Download Link to Talent Management Buyer's Guide\" width=\"800\" height=\"225\" \/><\/a><\/div>\n\t\t<\/div><\/div><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In order to help safeguard businesses against the unforeseen costs associated with cyberattacks, Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, HR, benefits, and insurance administration services, is now making cyber liability protection available to its clients through Paychex Insurance Agency and AXIS Insurance Company, a leading cybersecurity insurance carrier. [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":1799,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[484,96,483],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paychex Introduces Cyber Liability Protection<\/title>\n<meta name=\"description\" content=\"Paychex, Inc., a leading provider of integrated human capital management solutions, is now making cyber liability protection available to its clients.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/talent-management\/2019\/08\/13\/paychex-introduces-cyber-liability-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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