Data Incident Response Remedies

Focus, strategy, execution and affordability.

Our programs combine the deliverables you need without sacrificing the personal service and attention you require as a small business.

As a licensed insurance intermediary in all states, our regulatory position, expertise and capacity, allows us to maximize your benefits and strategy, no matter if you or your clients lose 100 records or 100 million records. 

Data Breach Incident Response & Remedies

Data theft and data loss occurs daily with millions of records being lost each year. Depending on where you conduct business, you will likely have an obligation to notify persons that may be potentially affected as a result of a breach. Whether the loss is by accident or malicious, it is troublesome and costly. The negative impact to your brand and customer trust can be significant. The Ponemon Institute calculates that ultimately, data breach costs to a business equate to roughly $200.00 per record.

In our own SME Data Breach study conducted by the Ponemon Institute, 22% of small businesses had already suffered a data breach. It can take years to build a brand and image, but only a few moments to destroy it. Fortunately, our programs provide many of the tools and benefits that can help you prevent and survive a data breach. When a breach does occur, you will have access to our Incident Response On-Demand services. These Elite Response services and remedies include:

  • Incident Analysis
  • Response Strategy
  • Notification Preparation, Address Verification, Printing and Mailing
  • Customer Service / Incident Hotline
  • Fraud Victim Resolution Services

The above Incident Response On-Demand is coupled with our liability insurance coverages and separately, our risk mitigation technologies and benefits. Once again, insurance is intended to cover the following:

  • Liability
  • Regulatory Fines
  • PCI Fines
  • Cyber Extortion
  • Law Firm/breach coach
  • PR Firm
  • Forensics
  • Consumer Notifications
  • Consumer Remedies for identity theft education and assistance, victim cost reimbursement insurance, and credit file or identity monitoring
  • And, eBusiness Network Interruption and Data Reconstruction as part of our Technology Module and Risk Mitigation Benefits

While insurance limit options may vary, they are typically provided at either $250,000 or $500,000 or $1,000,000, excess of a $1,000 retention. Please carefully read our Customer Agreement for specific terms, limitations, exclusions and sublimits that apply. 

Every small business needs timely and personal service in case of an incident. Simply call our Elite Response team to engage our remedies and to help prevent a bad situation from turning catastrophic.