ACE Group has announced that it is launching a loss mitigation service for privacy and network security risks. Using proprietary claims data to identify prominent areas of privacy and network security risk, ACE stated that its multi-tiered offering would help organizations engaging in all levels of preparation mitigate their security risk.
According to the company, the services are available in three distinct tiers:
- Complimentary research and self-assessments within numerous service categories, available to all policyholders through ACE's eRisk HUB portal.
- ACE's essential services, to help organizations with more advanced programs begin to address their security exposures in a more efficient and cost-effective manner, focusing on security awareness, vendor management, regulatory compliance, cyber readiness, and breach preparation.
- ACE's comprehensive solution, providing solutions based on a custom analysis of the policyholder's information security risk.
“More and more frequently, risk managers identify cyber security and cyber risk as one of their top concerns. But few companies have actually implemented the use of loss mitigation services for cyber risk, often because of budget concerns or inadequate access to resources,” said Thomas Kang, the assistant vice president of management and professional liability at ACE Group. “ACE understands that implementing a comprehensive information security program can be daunting for even the most seasoned professionals. We're introducing loss mitigation services to help ease this process for our policyholders.”
Learn more: www.acegroup.com.