ACE USA Introduces eRisk Hub(TM)

Fri Apr 25, 2008 8:05pm EDT
 
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Loss Prevention Portal to Help Policyholders Manage Privacy and
                             Network Risk
PHILADELPHIA--(Business Wire)--
ACE USA, the U.S.-based retail operating division of the ACE Group
of Companies, announces the launch of eRisk Hub(TM), a web-based loss
prevention resource designed to help policyholders manage their cyber
risk. The eRisk Hub portal is provided to all ACE policyholders who
purchase privacy and network security coverage under the ACE Privacy
Protection(R), ACE DigiTech(R) and ACE Digital DNA(R) product lines.

   The eRisk Hub provides triage support through its Incident HELP
Hotline staffed by security experts who understand the potentially
catastrophic impact of privacy and network related exposures. These
experts use that knowledge to help companies deal with post-breach
regulatory, reporting and crisis management issues. The eRisk Hub also
helps policyholders keep abreast of best practices and regulatory
guidelines and prepare detailed, comprehensive response plans. Founded
and managed by NetDiligence(R), a leading cybersecurity and e-risk
assessment services company, eRisk Hub features news, and informative
content from leading cyber risk experts (including risk management,
computer forensics, forensics accounting, crisis communications, legal
and other specialists.)

   "We are delighted to announce the launch of eRisk Hub. This
informative, value-added resource gives our policyholders instant
access to the most current and comprehensive information, expertise
and specialized resources that can help them manage their network and
data risks on the front end, and to respond quickly and appropriately
should they experience a hack or data breach," said Toby Merrill,
Assistant Vice President, ACE Professional Risk.

   According to Mr. Merrill, increasingly sophisticated network
attacks and data thefts are on the rise, and no organization is
immune. Even those with strong security and privacy controls in place
can be victimized by internal fraud, data theft, and the accidental
loss of sensitive information. The resources of the eRisk Hub serve as
a safety net that complements and extends network risk management,
incident response and business continuity plans and programs.
Organizations can use eRisk Hub to locate qualified external resources
with highly-specialized expertise to help manage the post-exposure
fallout, develop breach recovery plans, as well as stay on top of
legal and regulatory changes, emerging and changing cyber threats, and
recommended security and privacy practices.

   "As a market leader in privacy and network liability, ACE
understands that when an incident occurs, most policyholders need
immediate and specialized expertise. Privacy and network exposures can
be very complex and must be addressed quickly and appropriately. We
want policyholders to use the eRisk Hub as their "one stop shop" for
the vital information and expert resources that can help minimize
their network risks and access the necessary tools to react
appropriately in the event of an incident. The eRisk Hub is an
essential complement to our existing privacy and network liability
products," commented Mr. Merrill.

   Key eRisk Hub features include:

   --  Incident HELP Hotline: Staffed by security experts who provide
        immediate triage assistance in the event of a breach.

   --  eRisk Resources Directory: Comprehensive directory of external
        resources with deep expertise in pre- and post-breach
        disciplines.

   --  News Center: Resource for current privacy and network security
        news, security and compliance blogs, risk management events,
        and helpful industry links.

   --  Learning Center: Best-practice articles and white papers
        written by leading technical and legal experts on compliance,
        network security, privacy and breach recovery.

   ACE Professional Risk, a division of ACE USA, is staffed by a
specialized team of innovative underwriters and provides management
liability, professional liability, kidnap and ransom and surety
products throughout the U.S. For more information about ACE
Professional Risk and its range of products and services, please visit
www.aceprofessionalrisk.com.

   About NetDiligence(R)

   NetDiligence, a cybersecurity & e-risk assessment 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.

   ACE USA is the U.S.-based retail operating division of the ACE
Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A+
(Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor's.
ACE USA, through its underwriting companies, provides insurance
products and services throughout the U.S. Additional information on
ACE USA and its products and services can be found at www.aceusa.com.
The ACE Group of Companies provides insurance and reinsurance for a
diverse group of clients around the world.

ACE North America Communications
Media Contact:
Carla Ferrara, 215-640-4744
carla.ferrara@ace-ina.com

Copyright Business Wire 2008

 

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