XL Catlin launches online portal to help clients address data breaches

In light of the increasing magnitude and sophistication of cyber threats, XL Catlin’s Cyber & Technology insurance business announced Monday that it is offering an online resource giving clients access to support for cyber security readiness and incident response services.

The online portal, CyberRiskIQ.com, seeks to help clients better understand their risks so they can navigate potentially catastrophic circumstances and lessen the effects of any cyber security incidents that do occur.

The portal provides clients with information, tools and insights designed to help them learn more about cyber threats and network security perils, notes XL Catlin Cyber & Technology, which is headquartered in New York City.

Specific features include an incident roadmap suggesting steps to take following a network or data breach incident; a learning centre with a library of best-practices articles, white papers and webinars from XL Catlin, leading technical and legal practitioners; a risk manager’s toolbox, including a cyber risk assessment survey, breach notification guides, and research tools to monitor the type, frequency and severity of incidents occurring in one’s business sector; and information on the company’s underwriting and claims cyber/tech team.

“Our intention is to keep our clients well-informed about the latest developments and trends, and well-equipped to respond, should they experience their own cyber incident,” Elissa Doroff, underwriting and product manager for XL Catlin’s Cyber & Technology group, says in the company statement.

“Industry and world leaders are calling upon company executives and governing boards to make cyber security a top priority,” comments John Coletti, chief underwriting officer for the group in North America.

“That’s why we’re committed to making sure our clients are ready to address their cyber risk with comprehensive cyber insurance coverage and ample resources at their disposal that can help control costs, mitigate the likelihood of a breach and protect their reputations during a cyber-event,” Coletti adds.