Copyright 2009 ProQuest Information and LearningAll Rights ReservedCopyright 2009 Journal Publications Inc.
NJBIZ
November 2, 2009 Monday
SECTION: AROUND THE STATE; Pg. 2 Vol. 22 No. 44 ISSN: 1540-4161
ACC-NO: 32303
LENGTH: 184 words
HEADLINE: Chubb Group expands cyber-liability insurance
ABSTRACTIn the past, cyber criminals tended to focus on early adapters of technology, such as financial institutions," said Tracey Vispoli, vice president of the Chubb & Son division and Chubb's global cyber-solutions manager.
FULL TEXTThe Chubb Group of Insurance Cos., in Warren, has expanded its cyber-liability insurance products beyond the financial institutions marketplace to all businesses, and added new features in the process. Called CyberLiability by Chubb, the new product covers risks from identity theft to e-business interruption, the company said. "In the past, cyber criminals tended to focus on early adapters of technology, such as financial institutions," said Tracey Vispoli, vice president of the Chubb & Son division and Chubb's global cyber-solutions manager. She said nearly every company today is at risk of a cybersecurity breach, adding that "it isn't a matter of if they will experience a data security breach, but when."The CyberLiability product covers various "injuries," such as those related to disclosure, content, reputation and impaired access, the company said. -ShankarR
LOAD-DATE: November 16, 2009
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