RSA launches comprehensive cyber cover for global businesses
RSA has extended its suite of products to include cyber solutions for large and multinational businesses to protect against the growing threat of cyber security breaches in a more stringent regulatory environment.
An evolution of the existing cyber product for SMEs, it provides comprehensive cover, assistance with risk assessment provision and management of all the post-event services that a company needs when a cyber event happens.
Cyber protection from RSA also includes the option of a detailed cyber risk assessment to help identify and reduce potential cyber risks. Supported by Deloitte, the risk assessment enables companies to gain valuable insight into their cyber security posture or preparedness.
A 24-hour incident response service delivered in partnership with Crawford & Company ensures companies have immediate support when a cyber incident occurs. The crisis response service enables swift and efficient management of cyber events and provides IT forensic investigations, regulatory and data subject notification, legal advice, reputational and PR management etc. as part of a full suite of responsive services.
Nigel Pearson, group cyber director at RSA, said:
“Our cyber offering delivers comprehensive cyber protection for large companies in response to the clear growth in demand for comprehensive solutions that protect their assets, reputations and balance sheets when the worst happens.
Public awareness of the risk that cyber threats pose is being driven by several factors, including new legislation such as the General Data Protection Regulation (GDPR), high profile breaches, increasing focus on CEOs and boards to be aware of cyber protection and planning, and an increasing reliance on IT by businesses in all sectors."
Andrea Garcia-Beltran, UK and International cyber underwriting manager at RSA, said:
“High-quality cyber hygiene is absolutely essential for any business and can reduce the likelihood of a cyber event. Good risk management including pre- and post-incident services supported by a comprehensive cyber insurance policy is essential in today's rapidly evolving landscape. As well as working with future clients to find solutions to their cyber resilience strategies, it's exciting to be able to offer our existing multinational customer base a platform to consolidate their coverage with an insurer they already have confidence in."
Andrew Johnson, cyber partner at Deloitte said:
"Delivering a robust risk assessment to commercial customers in collaboration with RSA ensures their customers can take measures to minimise the risks they face and avoid costly claims arising from cyber breaches. Deloitte provides world leading cyber consultancy services and helps successful businesses all over the world deal with, respond to, and recover from cyber crises."
Paul Handy, head of cyber and technology risks at Crawford & Company said:
"Working with our longstanding partner to deliver a 24/7 incident response service ensures that customers are fully supported in the event of an actual or suspected cyber breach. We know that dealing with incidents quickly is a key part of helping businesses recover and get back on their feet."
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In this press release, references to "Deloitte" are references to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
About Crawford & Company
Based in Atlanta, Crawford & Company (NYSE: CRD-A and CRD-B) is the world's largest publicly listed independent provider of claim management solutions to insurance companies and self-insured entities with an expansive global network serving clients in more than 70 countries. The company's two classes of stock are substantially identical, except with respect to voting rights and the company's ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75% of CRD-A, voting as a class. More information is available at www.crawfordandcompany.com
The information contained in this press release is correct at the time of going to press.