Crum & Forster® (C&F) announced this week that it has launched a new service to assist policyholders in their effort to effectively manage and protect against cyber risk.
Network attacks and privacy violations are occurring with increasing frequency. Even with strong security and privacy controls in place, companies can be victimized by internal fraud, business interruption, damage or theft of data and cyber extortion.
To help mitigate loss exposures and provide superior service to customers, C&F has announced the availability of eRisk Hub®, a private web-based portal (www.eriskhub.com) to provide policyholders with information and technical resources that can assist them in the prevention of network, cyber and privacy losses and support them in the timely reporting and recovery of losses if an incident occurs. The portal is powered and maintained by NetDiligence®, a leading cyber risk assessment services company.
Crum & Forster understands that once an incident occurs, clients may need immediate help and expertise to respond and recover. Because incidents can be very complex, these companies may need assistance across a broad range of disciplines, including legal/regulatory compliance, information technology (IT) security, privacy, disaster recovery/business continuity, computer forensics, forensic accounting, public relations, credit monitoring and law enforcement.
"NetDiligence will serve as a valuable resource to both C&F and our clients through its comprehensive risk management solutions. With this partnership, we hope to bring C&F’s Network Security & Privacy product offering together with NetDiligence’s eRisk Hub to provide a comprehensive risk management and insurance solution. By adding this new service to our Network Security & Privacy product, clients will now have a cuttingedge resource to help manage their cyber exposures and assist them in the event they have a breach." said Leigh McMullan, Vice President of C&F’s Management & Professional Services (MAPS) division and Cyber Liability product manager. "As Leigh and her team continue to build out our capabilities in the cyber liability space, our new partnership with NetDiligence demonstrates C&F’s growing commitment to the cyber liability space and our continued efforts to help our insureds manage their network security and privacy exposures," said Lori Marino, Senior Vice President of C&F’s MAPS division.
Founded in 1896, Crum & Forster is a national property and casualty insurance group providing a broad range of standard and specialty commercial insurance products including worker's compensation, commercial automobile, general liability, excess & umbrella, management & professional liability, property, crime, and excess & surplus lines. The group is based in Morristown, New Jersey. Crum & Forster is a registered trademark of United States Fire Insurance Company. Policies in this program will be underwritten by Crum & Forster Specialty Insurance Company, a Crum & Forster insurance company which carries a financial strength rating of A (Excellent) from A.M. Best Company.
NetDiligence, a cyber risk assessment and data breach services company, provides due diligence products to help clients determine how well their organizations’ network security and privacy practices measure up against known industry standards, as well as regulatory and insurance carrier requirements. Using proprietary methodologies and tools anchored in proven risk management principals, NetDiligence provides a full range of enterprise-level information security, e-risk insurability and regulatory compliance assessment and testing services. NetDiligence supports and is endorsed by some of the world's largest network liability insurance underwriters.www.NetDiligence.com.