Liberty International Underwriters to Offer Network Activity Monitoring through BitSight Technologies for all LIU Data Insure Policyholders

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has collaborated with BitSight Technologies to provide LIU Data Insure policyholders with up-to-date ratings on their company's information security health to help better protect their sensitive business and customer data.

According to a release, through LIU's Data Insure coverage, policyholders will have access to BitSight Security Rating Service, which delivers timely, data-driven analysis of a company's security performance. BitSight continuously analyzes, rates and monitors companies' security postures, all from outside the company. Policyholders do not need to provide information and there is no intrusive testing involved. New ratings are generated on a daily basis, giving continuous visibility into the security of a company's data.

"Risk mitigation for cyber exposures does not begin and end with an insurance policy," said Oliver Brew, vice president of privacy and technology for LIU. "To truly help policyholders protect against cyber threats, we need to work with agents and brokers to provide services that actively mitigate the constant threat posed by hackers. By identifying potential attacks before they escalate, BitSight's innovative technology increases our policyholders' ability to avoid or reduce the consequences of a data breach."

Website attacks can occur at any time. Hackers may spend days or weeks looking for an exploitable weakness in their target's network. By tracking and analyzing publicly observable security events daily, such as malware distribution or communication with known botnets, BitSight Security Rating Service alerts LIU to unusual behaviors, allowing LIU to notify the broker and policyholder of the activity.

BitSight Security Rating Service is available to companies that have one of LIU's Data Insure coverages:

-LIU Tech Insure: Covers breach of contract, intellectual property infringement, project failure coverage, data breach liability and E&O for technology companies.

-LIU Data Insure: Standalone coverage for data breach liability and related costs for companies that handle personal data.

-LIU DataPro Insure: Professional liability coverage as well as data breach liability and related costs cover for a range of professions and companies.

"Helping people live safer, more secure lives" since 1912, Boston- based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written, as reported by the National Association of Insurance Commissioners.

More information:

libertymutualinsurance.com

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