Aon's EU Data Protect includes:
- GDPR Readiness Assessment: A tool to assist organisations identify, prioritise and remediate gaps in their compliance programme and understand and mitigate data protection risks in accordance with GDPR
- Cyber Impact Analysis: Sophisticated modelling of the financial impact from data breaches under GDPR and more broadly to provide a comprehensive understanding of the cyber exposures facing the business
- EU GDPR Insurance Endorsement: This acknowledges the GDPR in a qualifying Cyber Policy which includes fines and penalties where insurable by law and costs of defending regulatory action. This Endorsement also provides for some regulator required experts' fees arising from certain loss events
- Incident and Claims Response: Access to specialist post-event advisory services, including incident response, digital forensics and claims handling capabilities to expedite remediation and claims settlement
"The GDPR represents a significant regulatory challenge facing firms that do business in the EU," said
The regulation introduces stricter requirements on organisations processing personal data, a mandatory data breach notification regime and tougher enforcement powers for regulators including fines of up to 4% of annual worldwide turnover and strengthened audit and investigatory powers.
Aon's expertise in cyber risk management is deep and extensive. Most recently, Aon acquired Stroz Friedberg, a global leader in cyber security; and released Aon Cyber Enterprise Solution™, a property/casualty and
reinsurance brokerage, and human resources solutions and outsourcing services. Through its more
than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aon-introduces-new-cyber-solution-in-response-to-eu-regulation-on-data-protection-300357801.html