Data Breach Insurance | ID Experts
“...a security breach can cost you anywhere between $50 to $250 per record... Individual breach costs may run into millions or even billions of dollars-and organizations still aren't prepared to protect their environments.”
-- Khalid Kark, CISSP, CISM, senior analyst, Forrester Research Inc.

 

Data Breach Notification & Response

In the event of an emergency, you should rely on professionals with extensive experience. Each year, despite extensive security efforts, millions of personal records are compromised as a result of corporate, healthcare and public-sector data breaches. If you attempt to manage a data breach incident without retaining an outside expert, you can spend millions of dollars on mandated notification and PR and still end up with lost business, lost customers and litigation.

ID Experts maintains a staff of professionals with extensive experience in data breach assessment, notification and risk management. We can assist you in mitigating the risks to your customers, employees and your organization, typically at a lower cost than handling the response internally.

According to the Ponemon Institute, lost business accounts for 65% of data breach costs. People who have a bad experience are "increasingly prone to terminate their business relationship," and the cost of acquiring new customers also increases, as people share their bad experiences with others. And lost business is the best case.

Data Breach Recovery Model
 

Digital Forensic Services

Our digital forensics services help your business understand the cause and scope of the breach incident and its potential customer or employee impact. With this knowledge in hand, we help you to fully remediate the situation by ensuring breach victims have prompt, clear and appropriate notification, effective protection, and fully managed recovery from ID theft. Our experts help control breach response costs, including direct costs, legal risks such as future class-action litigation, and revenue loss due to customer dissatisfaction, with the most comprehensive, tailored data breach response services available anywhere.

Breach Notification & Response Services

Our breach response services include:
  • Notification services that cover scoping and forensics of breach causes and risk containment, remediation recommendations to protect your business and customers, and customized notification and customer interface In addition, in healthcare incidents, we also assist with the required notification to the Department of Health and Human Services.
  • Protection services that help provide breach victims with satisfaction and security, protecting their identities and your business reputation. These include credit monitoring and identity theft reimbursement insurance.
  • Recovery services, fully managed by our expert team to ensure that people affected by a breach are undamaged by identity theft. Our recovery professionals have extensive experience in financial identity theft issues as well as more recent medical identity theft situations.

Download information on our data breach services or learn more about our industry solutions.