CyberScout, the nation’s premier consultative provider of identity and data risk management, resolution and education services, today announced a partnership with American Agricultural Insurance Company to offer data breach coverage programs to the Farm Bureau insurance companies and their commercial policyholders. In conjunction with American Agricultural’s coverage and forms, this new offering provides proactive and reactive support and includes guidance in creating a breach response strategy, as well as access to CyberScout’s team of data breach experts. These services are being offered as part of a Data Breach reinsurance product and are currently available.
A company laptop is stolen, a backup drive is missing, paper files are lost, and online systems are hacked. Data breaches impact businesses every day. That’s why it’s more important than ever for companies to take proactive steps to protect themselves and their customers.
Data Breach Coverage policyholders have online assistance to prepare for a breach. If a breach occurs, CyberScout experts are ready to help commercial policyholders swiftly and effectively respond. The company will assess breach severity, advise on notification and regulatory requirements, and assist with media relations and necessary steps to safeguard sensitive information. Every step of the way, commercial and farm policyholders have a partner help prevent regulatory sanctions or fines, avoid civil litigation and preserve policyholders’ reputations.
Fraud specialist assistance is available to breach notification recipients. A simple toll-free call to CyberScout’s experienced fraud team helps affected people with answers and resolution services. Personal services include a dedicated fraud specialist to review credit files, place fraud alerts, help reading and interpreting credit reports, notify relevant creditors and government agencies and conduct ongoing follow-up.
“American Ag has partnered with CyberScout to provide data breach solutions to our clients because of their unsurpassed knowledge of breach management,” said Lorie Graham, Senior Underwriting and Corporate Risk Manager, American Ag. “Farm and commercial policyholders have specialized needs, and CyberScout delivers the broadest services and customer support in the marketplace.”
This Data Breach Coverage also helps commercial and farm policyholders comply with state and national breach requirements mandated by the federal government. Nationally, 46 breach notification laws are in effect. In addition, impending federal Red Flag regulations will mandate that 11 million businesses have identity theft prevention plans in place.
“Farm and commercial policyholders typically find themselves at a crossroads when trying to find a suitable plan for risk mitigation and coverage,” said Matt Cullina, CEO, CyberScout. “By partnering with American Ag, we’re able to help Farm Bureau insurance companies implement a turnkey solution for policyholders in conjunction with American Ag’s breach coverage. In doing this, we can offer policyholders tailored coverage to suit their market needs.”
The American Ag new Data Breach Coverage is the expert solution that provides breach preparation support, mitigates the evolving risks, manages the crisis and safeguards your policyholders.
