Travelers has introduced a new suite of online resources to help business owners navigate the growing threat of cyber risks while also protecting their assets and their customers' information. The launch of the new resources coincides with the start of National Cyber Security Awareness month, which is observed every October to remind businesses and individuals alike to use the Internet safely and securely.
According to the Travelers' Consumer Risk Index released in September, 64 percent of individuals cite personal privacy loss or identity theft as a significant concern.
“Travelers Cyber Security” is a public portal that provides insights into the threats associated with cyber risks and how to effectively protect against them. Tools include information on how to evaluate cyber exposures; cyber facts and FAQs, including a review of the most common consumer protection laws; and a review of the various cyber-related coverages and products tailored to the size and nature of a business.
“Technology and the sharing of information have become central parts of both business operations and our everyday lives, which is why it is so important that we are all aware of the many forms cyber risks take and what strategies can help keep business owners and individuals safe,” said Tim Francis, enterprise cyber lead at Travelers.
Travelers' new online tools were developed to educate business owners' about the growing number of cyber threats to their businesses and their customers. In addition to the public resource center, Travelers also offers its commercial customers a variety of tools and support to help tailor their cyber protection to the specific needs of their business.
The tools include Travelers' newly launched eRisk Hub, powered by NetDiligence, which is available to cyber policyholders by invitation. The Web resource contains additional information and technical resources to help customers prevent and respond to cyber events.
The company's offering includes specialized cyber coverages to address a wide range of risks associated with different sizes and types of businesses. The company's suite of cyber risk products includes:
- CyberRisk – available for organizations ranging from small local businesses to Fortune 500 including financial institutions and nonprofits, this offering supports businesses in various industries of all sizes;
- CyberFirst for Technology – specifically tailored to the complex needs of technology companies of all sizes;
- CyberFirst for Public Entities – delivers coverage to meet the needs of public entities, including municipalities, transit authorities, American Indian nations, public primary schools and more;
- CyberFirst Essentials – developed to address exposures most often experienced by small businesses.
All of Travelers' cyber solutions provide an option to include coverage for forensic investigations and litigation expenses associated with breaches. Coverages may also include regulatory defense expenses, crisis management expenses, business interruption support, cyber extortion and access to eRisk Hub.
Learn more: www.travelers.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].