This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Beazley Announces Major Enhancements To Its Suite Of Products Designed To Help Businesses Respond Effectively To Data Breaches

SAN FRANCISCO, Aug. 30, 2012 /PRNewswire/ -- Beazley has unveiled major enhancements to its highly successful Beazley Breach Response (BBR) product.  Launched over three years ago, BBR has gained widespread recognition as the most comprehensive and effective solution available to the often challenging task of responding successfully to a data breach.  BBR was the first such offering to include a separate limit of coverage for breach response services, and Beazley recently announced the creation of BBR Services, a dedicated business unit to help clients manage data breaches successfully - again a first in the insurance industry.   

The latest product enhancements include support for the victims of data breaches in the form of sophisticated credit monitoring and identity monitoring provided by Experian Data Breach Resolution.  For a breach involving the compromise of personal information, BBR clients now may choose to offer notified individuals either:
  • Experian's ProtectMyID ® identity protection tools, as well as Family Secure ® monitoring products available for any minors involved in a breach; or
  • DataPatrol™, an Internet based data monitoring service provided by Experian ®.  Every month DataPatrol monitors millions of unsecure web pages to detect lost or stolen personal and financial information that may put affected individuals at risk of identity fraud.

In addition, Beazley has introduced a number of further enhancements to BBR:
  • The attorney services retention for privacy breach response services has been lowered to $5,000, making it easier for BBR clients to access Beazley's panel of legal counsel (firms selected for their deep experience in data breach laws and regulations).  This retention previously stood at between $10,000 and $20,000.
  • Coverage is now offered for up to 5,000,000 customer notifications in the event of a data breach involving personally identifiable data.  The previous limit was 4,000,000 notifications.   
  • Retail and hospitality organizations with revenues of up to $4 billion will qualify now for BBR.  (The previous ceiling was $3 billion).    

With these enhancements, clients can customize BBR to their own specific needs, with notification limits available from 250,000 to 5,000,000 and a separate limit of liability for third party claims available from $1 million to $15 million.  For smaller organizations, the BBR Select product also offers lower notification and liability limits.

Mike Donovan, head of the technology, media and business services team at Beazley, which underwrites BBR, said:

"Since its successful introduction over three years ago, we have continually developed and enhanced our breach response product to help our clients keep pace with evolving breach exposures.  These new coverage enhancements – combined with the creation of BBR Services – will ensure that our clients have instant access to the services they need to safeguard their reputations in the event of a breach."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs