Bud Scully, Chairman
Joe Scully, President
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Internet Banking Insurance
Internet Banking has become a reality. Soon everyone will be included to a greater or lesser degree. At the recent Western Independent Bankers Chief Financial Officers Conference held in Vancouver, there was an extensive discussion of the internet, the "I Love You"
e-mail threat and computer system security and privacy. A bank regulator made her concern clear, with emphasis on the bank's responsibility to originate and maintain control of the internet's on-line banking exposures. Secure Systems Insurance provides coverage for a loss caused by:
1. Hackers & Viruses
2. Employees and Contractors
3. Software & Data Damage and Alteration
4. Business Interuption
(reimburses expenses to restore operations)
5. Electronic Systems Errors and Omissions
(wrongful disclosure)
When a bank is sued for unauthorized access to an account for wrongful disclosure of information, this insurance is the Liability insurance which will pay the cost of defense and any ultimate settlement. When we have received the application, we will arrange an appointment to deliver the proposal in person.
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Client Comments
"I have worked with FGIB and Bud & Joe Scully in insuring my 3 banks since the early 1990's. They know community banks, expertly add value through analyzing your needs, and get you prompt and economical coverage in a very customer friendly fashion. I am proud to recommend them to every community bank in Southern California."
Larry D. Hartwig
President & CEO
California Community Bank
Escondido, CA
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