Data Privacy Week 2026

For businesses of every size, this week is an opportunity to examine how sensitive information is handled, stored, and protected. It’s also the perfect time to consider how prepared your business is for the growing risk of cyber-attacks and data breaches.

Why National Data Privacy Week Matters for Insurance Planning

Even businesses that don’t handle highly sensitive data can be targeted by cyberattacks. According to NordLayer, sectors such as financial services, tech, government, healthcare, retail, telecom, and education were among the most targeted in 2025. As cyber threats become increasingly common across industries, cyber liability insurance helps ensure that a single incident doesn’t become an existential threat to your organization.  

The Hidden Cost of Data Breaches

Most businesses collect, process, and store large amounts of personal data. This includes customer names, payment information, employee records, and business communications. With more information comes greater risk. Cyber criminals regularly target organizations of all sizes, and just a single breach can tarnish your reputation and disrupt operations.  

The consequences of data breaches go beyond immediate operational disruption. Legal obligations can be very expensive, especially for small and mid-sized companies that may lack extensive cybersecurity measures.  

Cyber Liability Insurance FAQs

Q: What does cyber liability insurance do for businesses? 

A: Cyber liability insurance is designed to protect businesses from the financial fallout of cyber incidents. It can help manage costs associated with data breaches, malicious software attacks, misdirected payment fraud, and more.   

Q: Do I need cyber liability insurance if I already have general business insurance? 

A: Yes. Traditional policies like a Business Owner’s or Package Policy may include or offer endorsements with basic coverages and limits, while specialty carriers offer standalone policies, often with customizable coverages and higher limits.   

Q: What types of losses does cyber liability insurance help cover? 

A: Coverage may include income loss due to reputational harm, legal advice after a cyber-attack or data breach, notification costs for affected customers, ongoing credit monitoring, income loss due to reputational harm, business income loss, reward payment reimbursement, invoice manipulation fraud, cryptojacking, income loss due to system failure, litigation and settlement costs for victims, electronic and full media liability, network security liability, privacy incident liability, business identity theft, cyber risk management services, data and system restoration, and misdirected payment fraud. 

Q: Does cyber liability insurance replace good cybersecurity practices? 

A: No. Insurance is a financial protection tool that should work alongside cybersecurity practices, like multi-factor authentication, ongoing employee training, and regular system updates, to help reduce risk. Insurance shouldn’t be considered a substitute for preventative security measures. For more guidance on building cyber resilience for your business, check out the National Cyber Security Alliance’s guide here. 

Q: How do I choose the right cyber liability policy? 

A: Speak with an experienced insurance agent who understands your industry and risk profile to help you evaluate coverage options.  Find a Hawai‘i insurance agent. 

Protect Your Business from Digital Attacks

National Data Privacy Week is a chance to reinforce a culture of privacy and data protection in your business. It’s also a practical reminder that cyber risks are real, and they’re growing. Many businesses overlook their specific cyber liability risks, leaving them exposed. A single breach can lead to costly disruptions, legal liabilities, and a loss of customer trust. That’s where Cyber Liability Insurance as a risk management strategy can make the difference.   

At HIMI, we understand the unique challenges Hawaiʻi businesses face in today’s digital world. Our specialty coverage options can help safeguard your business from the financial fallout of a digital attack, so you can focus on running your business.  

Talk to your agent today and learn how HIMI can help protect your business.   

Learn more about HIMI’s industry solutions.