InfoSec - Large Business Cyber Solution

What we offer

Gaps in cybersecurity inventory, for both on-premises assets and cloud resources, can leave exposed attack surfaces. Our latest snapshot reveals how to protect against vulnerabilities from poor asset management.
Cyber Services Snapshot

Businesses are adopting a dangerous ‘out of sight, out of mind’ approach to their cyber risk, according to our latest client research Spotlight on: Cyber and Technology risk

Companies are not as well prepared as think – Patricia Koscondy explains the threats. Watch the video

Cyber security alert! Why updating legacy systems is critical – Bala Larson explains why

Beazley’s InfoSec policy offers large businesses an unrivalled range of coverage options to address their evolving cyber risks. Coverage includes:

Breach response costs

Legal services
Computer forensic services
Notification services
Call centre services
Credit monitoring, identity monitoring or other personal fraud or loss prevention solutions
Public relations and crisis management expenses.

First-party

Business interruption loss from security breach or system failure
Dependent business interruption loss from security breach or system failure
Cyber extortion loss
Data recovery loss
Data and network liability.

Third-party

Third-party information security and privacy coverage
Full media liability
Regulatory defense and penalties
Payment card liability and costs.

eCrime

Fraudulent instruction
Funds transfer
Telephone fraud.

Criminal reward

Limits up to US$50m/€50m

How can we help

We recognise that preparing for and preventing cyber incidents have become inseparable from insuring a cyber loss and are here to help by providing the support services and proactive guidance clients rely on to meet and improve their controls and cyber security requirements.

Beazley offers a full suite of pre-breach breach and risk management services through our in-house Cyber Services team and Lodestone Security LLC, a wholly owned subsidiary of Beazley plc that was created to provide cybersecurity consulting services tailored to enhance our clients’ cyber defenses.

Beazley’s Cyber Service team provides a full range of resources to help mitigate risks before an incident occurs. On our Beazley owned and managed risk management portal, beazleybreachsolutions.com, cyber policyholders will find resources for incident response planning, employee training, compliance, and security best practices. Our Cyber Services team also coordinates a variety of pre-breach services such as onboarding calls, incident response plan reviews and workshops so our policyholders can improve the robustness of their cybersecurity.

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

A school district was hit with ransomware and two of its servers were completely encrypted.  Critical documents were rendered inaccessible.  BBR Services coordinated an engagement with forensics and legal counsel.  Forensics was able to quickly identify the type of ransomware and determine its known capabilities.  They were also able to find the decryption key for this particular strain of malware and use it to successfully restore all of the district's files.

A manufacturer employee's active directory account was compromised. The hacker used the employee's mailbox to send emails requesting a money transfer to some outside account. BBR Services arranged for the manufacturer to work with panel counsel and forensic firm. The forensic firm determined that no personally identifiable information had been compromised and the law firm determined the manufacturer had no obligation to notify.