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Article: Technology innovations boost risks for telecommunications companies; Security breaches increase exposure to privacy liability.
- Article from:
- Business Insurance
- Article date:
- June 4, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: DAVE KAISER
As communication links multiply around the world, companies that provide much of the infrastructure for that growth face some huge security and liability issues, insurance experts say.
Telecommunications companies, many of which have long ceased to be simply providers of telephone services, now have to guard against numerous sophisticated attempts to breach their networks in pursuit of private information.
And when the networks are compromised, insurance coverage for any financial losses is limited, experts say.
The telecommunications industry poses one of the highest risks in the technology sector, said Julie ...