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Loss Mitigation

It may not be possible for organizations to completely eliminate the possibility of a data breach, network security failure or the resulting regulatory proceeding or class action, but they can reduce the likelihood of those incidents occurring, mitigate the loss from the event and proactively develop a strong defense for ensuing regulatory or legal actions.

Unmatched in the insurance industry, ACE’s Privacy and Network Security Loss Mitigation Program is a resource available to all ACE policyholders that purchase privacy and network security coverage under the ACE Privacy Protection®, ACE DigiTech® and ACE Digital DNA® product lines.  

ACE’s Privacy and Network Security Loss Mitigation Program is a broad-based, flexible risk management system with access to a state-of-the-art loss mitigation portal, the ACE Data Breach Coach, ACE Data Breach Team, network security assessments and other claim benefits and services.

eRisk Hub®   

A web-based loss mitigation resource designed to help policyholders manage their cyber risk. The eRisk Hub helps policyholders keep abreast of best practices and regulatory guidelines and prepare detailed, comprehensive response plans. Featuring news, informative content and services from leading cyber risk experts. The eRisk Hub is founded and managed by leading cybersecurity and e-risk assessment services company, NetDiligence®.

ACE Data Breach Coach

A toll free hotline staffed by legal experts who can provide immediate triage assistance in the event an ACE policyholder suffers a data breach.  

ACE Data Breach Team

A pool of independent third-party professional service providers who have the capabilities and experience to help organizations and businesses execute their data breach response in the event of a breach. When a claim occurs, ACE policyholders have access to a panel of legal, computer forensic, notification, call center, public relations, crisis communications, fraud consultation, credit monitoring, and identity restoration firms with a specific focus on data breach response, with the benefit of discounted loss control service fees.

Network Security Assessments

A self assessment of an ACE policyholder’s network and data security posture. The self assessment service, provided by NetDiligence produces a summary report for organizations that seek to gauge their level of network safety or reaffirm and document their solid security posture. More in-depth assessments are also available for qualifying risks.

 

Privacy and Network Security Loss Mitigation Program, by providing access to the eRisk Hub and Network Security Assessments, is an interactive loss control resource designed to help policyholders assess and improve the risks we insure. They are not intended to provide a direct service or benefit, and are not a substitute for a data security consultant who may be retained to provide data security services. Other information is provided as a courtesy to our customers. While we believe the information we provide or facilitate is gathered from reliable sources, we make no guaranty that losses will be fewer or less severe. We assume no responsibility to implement any recommendations. Access to the ACE Data Breach Coach and ACE Data Breach Team are claim benefits provided under our insurance policies, not sold as services.  

Netdiligence® and eRisk Hub® are service marks of Network Standard Corporation, Gladwyne, PA., which also provides services on a direct basis to a wide range of customers.