SYSTEMS AND METHODS FOR DATA INSURANCE

• US 20110208548A1
• Filed: 05/03/2011
• Published: 08/25/2011
• Est. Priority Date: 12/18/2003
• Status: Abandoned Application

• Current Assignee: Data Insurance Holdings Limited
• Original Assignee: Data Insurance Holdings Limited
• Inventors: Hodgkiss, Gregory Hugh, Lake-Johns, Peter Kingsley, O'Brien, Thomas John, Conn, John Paul
• Application Number:
  US13/099,678
• Publication Number:
  US 20110208548A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

An agreement is created between a first entity and a second entity under which the second entity agrees to provide data protection services for use by a third entity. A backup copy of the third entity'"'"'s data is created and maintained at a location controlled by the second entity. If the third entity suffers a data loss, a replacement copy of the data is generated from the backup copy. The first entity provides compensation for the second entity'"'"'s efforts to restore the third entity'"'"'s lost data. If the second entity is unable to restore the data, the third entity is compensated for its data loss.

Claims

1. A method for providing data insurance comprising:

storing, by a first processing device, data of a third entity on a storage medium of the third entity;

creating an agreement between a first entity and a second entity to provide data protection service to a third entity, wherein the first entity arranges for a data protection service to be provided by the second entity for the third entity'"'"'s data stored on a storage medium of the third entity;

creating an insurance agreement between the first entity and the third entity, because the data of the third entity was stored on the storage medium of the third entity, that authorizes the third entity to use the data protection service provided by the second entity for the third entity'"'"'s data stored on the storage medium of the third entity without the third entity being charged for use of the data protection service of the second entity;

storing, by a second processing device, an electronic backup copy of the third entity'"'"'s data, as required by the data protection service agreement, on a storage medium of the second entity such that the electronic backup copy of the third entity'"'"'s data stored on the storage medium of the second entity is insured against loss according to the insurance agreement;

upon loss of data stored on the storage medium of the third entity, providing the backup copy of data from the second entity to the third entity in an attempt to restore the third entity'"'"'s data; and

providing compensation from the first entity to the second entity for the data protection services.

2. The method of claim 1, and further comprising:

providing compensation from the first entity to restore the third entity'"'"'s data from an alternate source in the event the second entity cannot successfully restore the third entity'"'"'s data from the electronic backup copy.

3. The method of claim 1, wherein the insurance agreement requires the third entity to use the data protection service provided by the second entity.

4. The method of claim 1, wherein the first entity'"'"'s insurance of the third entity against losses arising out of data loss is at least partially contingent upon the third entity'"'"'s using predetermined services provided by the second entity.

5. The method of claim 4, wherein the predetermined services are specified in the insurance agreement.

6. The method of claim 1, wherein the identity of the second entity is specified in the insurance agreement.

7. The method of claim 1, wherein the data protection service is a data backup service, and further comprising:

storing the electronic backup copy of the third entity'"'"'s data while at a location controlled by the second entity; and

generating, after a loss of the third entity'"'"'s data, a further copy of the third entity'"'"'s data from the backup copy.

8. The method of claim 7, wherein the data backup service is an online data backup service.

9. The method of claim 1, and further comprising providing compensation from the first entity to the second entity in return for the second entity'"'"'s provision of data protection services to the third entity.

10. The method of claim 1, wherein providing services from the second entity to restore the third entity'"'"'s data includes delivering to the third entity an alternate storage medium with a restored version of the data stored on the alternate storage medium.

11. The method of claim 1, and further comprising providing compensation to the third entity if the second entity is unable to restore the third entity'"'"'s lost data.

12. The method of claim 11, wherein the compensation provided to the third entity if the second entity is unable to restore the third entity'"'"'s lost data is specified in the insurance agreement.

13. A method for providing data insurance comprising:

storing, by a first processing device, data of a third entity on a physical storage medium of the third entity;

creating an agreement between a first entity and a second entity to provide electronic data protection service to the third entity, wherein the first entity arranges for a data protection service to be provided by the second entity for the third entity'"'"'s data stored on the physical storage medium of the third entity;

creating an insurance agreement between the first entity and the third entity, because the data of the third entity was stored on the physical storage medium of the third entity, that authorizes the third entity to use the electronic data protection service provided by the second entity for the third entity'"'"'s data stored on the physical storage medium of the third entity without the first entity and the second entity charging the third entity for use of the electronic data protection service of the second entity;

storing, by a second processing device, an electronic backup copy of the third entity'"'"'s data, as required by the data protection service agreement, on a storage medium of the second entity such that the electronic backup copy of the third entity'"'"'s data stored on the storage medium of the second entity is insured against loss according to the insurance agreement; and

upon loss of data stored on the physical storage medium of the third entity, attempting to deliver to the third entity the electronic backup copy.

14. The method of claim 13, wherein the insurance agreement requires the third entity to use the data protection service provided by the second entity.

15. The method of claim 13, wherein the first entity'"'"'s insurance of the third entity against losses arising out of data loss is at least partially contingent upon the third entity'"'"'s using predetermined services provided by the second entity.

16. The method of claim 15, wherein the predetermined services are specified in the insurance agreement.

17. The method of claim 13, wherein the identity of the second entity is specified in the insurance agreement.

18. The method of claim 13, wherein the data protection service is a data backup service, and further comprising:

wherein the backup copy of the third entity'"'"'s data is stored while at a location controlled by the second entity; and

generating the restored copy of the third entity'"'"'s data from the backup copy.

19. The method of claim 18, wherein the data backup service is an online data backup service.

20. The method of claim 13, further comprising providing compensation from the first entity to the second entity in return for the second entity'"'"'s provision of data protection services to the third entity.

21. The method of claim 13, further comprising providing compensation to the third entity if it is not feasible to deliver to the third entity the electronic backup copy.

22. The method of claim 21, wherein the compensation provided to the third entity if it is not feasible to deliver to the third entity the electronic backup copy is specified in the insurance agreement.

23. An insurance system comprising:

a data protection service provider that provides data protection services to an insurer for use by the insurer'"'"'s insured and that has a processing device configured to store an electronic backup copy of the insured'"'"'s data on a storage medium;

wherein the data protection services are acquired by the insurer and used by the insured that is insured by the insurer against losses arising out of lost data from the electronic backup copy of the insured'"'"'s data based on an insurance agreement between the insurer and the insured created because the insured'"'"'s data was stored on a storage medium and without the insurer and the data protection service provider charging the insured for the use of the data protection service of the data protection service provider;

wherein following a loss of the data by the insured, the data protection service provider is obligated to attempt to restore the insured'"'"'s data; and

wherein the data protection service provider is compensated by the insurer for its efforts to restore the insured'"'"'s data.

24. The insurance system of claim 23, wherein compensation is provided by the insurer to restore the insured'"'"'s data from an alternate source in the event the data protection service provider cannot successfully restore the insured'"'"'s data from an electronic backup copy.

25. The insurance system of claim 23, wherein the insured is required to use the data protection services provided by the data protection service provider.

26. The insurance system of claim 23, wherein the insurer'"'"'s insurance of the insured against losses arising out of data loss is at least partially contingent upon the insured using predetermined services provided by the data protection service provider.

27. The insurance system of claim 26, wherein the predetermined services are specified in the insurance agreement.

28. The insurance system of claim 23, wherein the identity of the data protection service provider is specified in the insurance agreement.

29. The insurance system of claim 23, wherein the electronic backup copy of the insured'"'"'s data is stored while at a location controlled by the data protection service provider and wherein the data protection service provider'"'"'s attempts to restore the insured'"'"'s lost data include attempting to generate a further copy of the insured'"'"'s data from the backup copy.

30. The insurance system of claim 29, wherein the data backup service is an online data backup service.

31. The insurance system of claim 23, wherein the data service provider'"'"'s attempts to restore the insured'"'"'s data include attempting to deliver to the insured an alternate storage medium with the restored version of the data stored on the alternate storage medium.

32. The insurance system of claim 23, wherein the insurance agreement provides for the provision of compensation to the insured if the data protection service provider is unable to restore the insured'"'"'s data.

33. A method for providing data insurance and protecting data, the method comprising:

storing, by a first processing device, data of an insured on a storage medium of the insured;

creating an insurance agreement between an insurer and the insured because the data of the insured was stored on the storage medium of the insured, wherein the insurance agreement provides that the insurer will insure the insured for losses arising out of lost data stored on the storage medium of the insured, and wherein the insurance agreement requires the insured to use a data protection service provided by a data protection service provider;

creating a data protection service agreement between the insured and the data protection service provider, wherein the data protection service agreement provides that the data protection service provider will provide a data protection service for the insured'"'"'s data stored on the storage medium of the insured without the insurer and the data protection service provider charging the insured for the use of the data protection service of the data protection service provider;

storing, by a second processing device, an electronic backup copy of the insured'"'"'s data, as required by the data protection service agreement, on a storage medium of the data protection service provider such that the electronic backup copy of the insured'"'"'s data stored on the storage medium of the data protection service provider is insured against loss according to the agreements; and

upon loss of data by the insured, providing the backup copy data from the storage medium of the data protection service provider to the insured in an attempt to restore the insured'"'"'s data.

34. The method of claim 33, and further comprising:

providing compensation from the insurer for the data protection service provider'"'"'s attempts to restore the insured'"'"'s data.

35. The method of claim 33, and further comprising:

providing compensation from the insurer to restore the insured'"'"'s data from an alternate source in the event the data service provider cannot successfully restore the insured'"'"'s data from the electronic backup copy.

36. The method of claim 33, wherein the backup copy of the insured'"'"'s data is stored while at a location controlled by the data protection service provider, further comprising generating, after a loss of data by the insured, a further copy of the insured'"'"'s data from the backup copy.

37. The method of claim 36, wherein the data protection service is an online data backup service.

38. The method of claim 33, wherein the data service provider'"'"'s attempt to restore the insured'"'"'s data includes attempting to deliver to the insured an alternate storage medium with a restored version of the data stored on the alternate storage medium.

39. The method of claim 33, and further comprising compensating the insured if it is not feasible to restore the insured'"'"'s lost data.

40. The method of claim 33, wherein the compensation to the insured if it is not feasible to restore the insured'"'"'s lost data is specified in the insurance agreement.