Beazley Breach Response - higher education

Beazley Breach Response in Tech Insurance & Cyber Coverage

Higher education

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Bob Wice

Head of Underwriting Management. Cyber & Tech

Information exposures and security breaches within colleges and universities have many causes and are difficult to control. And even with the best systems, controls, personnel and procedures, no college or university is immune to the risk of a cyber breach.

significant exposure
class action lawsuits
regulatory investigations
Why Beazley?
coverage

Colleges and universities face complex issues when a breach occurs. You maintain personal data on applicants, students, faculty and other employees, donors, trustees, and board members, who often reside in different states with different breach notification laws. Educational institutions with health clinics may also be subject to the breach notification requirements imposed by the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (HITECH). These laws require time-consuming and labor intensive internal investigations, the expertise of specialized outside vendors, and can create a public relations nightmare.

The negative publicity resulting from a data breach can lead to massive reputational and brand damage. In fact, 62% of consumers said breach notification decreased trust and confidence in the organization.

*Source: Pass or fail? Data privacy and cybersecurity in higher education

The publicity and consumer dissatisfaction that surround a cyber breach have spurred a wave of class action complaints against organizations big and small. Relying on a variety of privacy laws, enterprising plaintiffs’ lawyers have filed complaints seeking billions of dollars in damages. The risk of crippling damages, and the sizeable costs of litigation, often push organizations to settle even in the absence of any clear harm to the affected individuals.

State and federal regulators have made one point clear: a significant breach of information will result in monetary penalties, onerous corrective action plans, and on-going audits. Whether through the strict data privacy and security requirements of the Family Educational Rights and Privacy Act (FERPA), or the increasing interest of state attorneys general in enforcing privacy laws, the regulatory landscape for higher education institutions carries an immense amount of risk.

Beazley, a leading insurer of technology and information security risks, has developed Beazley Breach Response (BBR), a solution to privacy breaches and information security exposures tailored to the needs of higher education.

BBR is a complete privacy breach response management and information security insurance solution which includes a range of services designed to help you respond to an actual or suspected cyber breach incident effectively, efficiently, and in compliance with the law.

Breach response

Legal services
Computer forensic services
Notification services for up to 5 million affected individuals
Call center services
Credit monitoring, identity monitoring or other personal fraud or loss prevention solutions
Public relations and crisis management expenses
All of the policy’s multiple limits will be available for breach response.

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 coverage

Third party information security and privacy coverage with up to $15M
Full media liability
Regulatory defense and penalties
Payment card liability and costs.

eCrime

Fraudulent instruction
Funds transfer
Telephone fraud.

Criminal reward coverage

Not if, but when. Any college or university handling personal information will, sooner or later, be confronted with the challenge of a cyber breach. It's not a matter of "if" but "when".

Higher education team

Breach Response Services

Beazley Breach Response Services Manager

Luke Green

Philadelphia, PA, USA

+1 215 446 8453

luke.green@beazley.com

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Higher education

Select area(s) to print

Bob Wice

Higher education team

Breach Response Services

Beazley Breach Response Services Manager

Luke Green

Philadelphia, PA, USA

Beazley Breach Response Risk Manager

Frank Quinn

New York, NY, USA

Beazley Breach Response Technical Sales

Alex Ricardo

New York, NY, USA

BBR Services Manager

Michelle Schauerman

Philadelphia, PA, USA

Claims

Claims Manager

Bolanle Akinrimisi

Atlanta, GA, USA

Claims Team Leader - Cyber & Tech

Marcello Antonucci

New York, NY, USA

Claims Manager

Laura Cella

Philadelphia, PA, USA

Group Head of Claims

Beth Diamond

New York, NY, USA

Claims Manager

Donna Hahn

Denver, CO, USA

Claims Team Leader - Cyber & Tech

Kimberly Horn

New York, NY, USA

Claims Manager

Jackie Jones

Philadelphia, PA, USA

Claims Manager

Dakai Pouncey

New York, NY, USA

Focus Group Leader - US BBR & InfoSec Claims

Dan Raymond

Chicago, IL, USA

Underwriters

Underwriter - Cyber & Technology

Nyreese Arzu

Underwriter - Cyber & Technology

Whitney Barrett

Seattle, WA, USA

Assistant Regional Manager – Cyber & Technology

Jenn Beard

Houston, TX, USA

Focus Group Leader - London Wholesale Middle Market, Cyber & Tec

Lucy Cantlay

London, UK

Underwriter - Cyber & Technology

Sean Connors

San Francisco, CA, USA

Head of London Market Wholesale Cyber & Technology

Alec Cramsie

London, UK

Southwest / South Central Regional Manager - Cyber & Technology

Serene Davis

Los Angeles, CA, USA

Underwriter - Cyber & Technology

Aimee Davis

Los Angeles, CA, USA

Underwriter - TMB

Jessica Dixon

Chicago, IL, USA

Underwriter - Cyber & Technology

Erica Ducharme

Farmington, CT, USA

E&O Strategy Lead and Underwriter-Underwriting Management, Cyber

Aidan Flynn

London, UK

Large Risk Underwriter - Cyber & Technology