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Data Breach Services
Privacy Solutions’ Breach Management Services help corporations effectively deal with the growing data breach and identity theft problem. These services include:
I. Prevention - Information Security Gap Assessment: The first step toward achieving data privacy and security of sensitive personal information is locating the gaps in a corporation’s policies and procedures, as well as gaps in its information systems. This component service helps companies find those gaps, navigate the various privacy and security laws that apply (e.g., HIPAA, GLB, ADA, etc.) and makes recommendations for closing the gaps.
II. Protecting Your Employees - Corporate Employee Benefit: To help shield employees from the adverse effects of a potential data breach as well as the growing problem of identity theft, leading corporations are finding it necessary to make available the Early Alert program as a benefit for their employees. In addition to helping employees, Early Alert as an employee benefit can have significant benefits to the employer, including:
- Employee recruitment & retention
- Low cost offset to reductions in other benefits
- Controlling the adverse effects of “presenteeism” on productivity by taking a significant portion of the administrative burden off of the employee who has to rebuild his/her stolen identity or damaged credit
- Minimizing exposure as a mitigation tool in the event of a corporate data breach
Employee Personal Protection Benefit Package
- Identity Monitoring: Early detection and warning system for identity fraud through daily and weekly scans of hundreds of data sources to identify changes in an employee’s address.
- AIG Identity Theft Insurance: $25K Theft Insurance Policy covers lost wages (up to $1,000 per week for a maximum of four weeks), legal defense fees and expenses, cost for refiling loan applications, cost for notarizing documents, long distance calls and postage, 24/7 Victim Assistance. Pre-breach and post-breach coverage options are available.
- Identity Recovery Service: Virtually all of the activities typically required to restore one’s identity are handled by Privacy Solutions, on the individual’s behalf, significantly reducing the demands associated with clearing and restoring the individual’s identity.
- SmartGuard Newsletter
III. Protecting Your Business - Corporate Breach Insurance: AIG offers a Security and Privacy Liability Insurance Policy through a leading nationwide broker that would cover the direct costs of any regulatory enforcement action, compliance expenses, and legal liability and defense costs resulting from a breach. The following items highlight some of the costs covered under this policy when triggered by a data breach, subject to policy terms including limits and exclusions:
- Investigation: Forensic services including evidence collection and preservation, support in closing holes/vulnerabilities and getting systems up and running again, coordination with law enforcement and fraud experts, supporting prosecution efforts/expert testimony
- Breach Notification Requirement: Printing and mailing of notices to affected employees as necessary to comply with existing federal and state laws mandating such notification
- ID Monitoring: Monitoring services (either as blanket coverage for all affected individuals or as available for election by the employee) to mitigate potential losses that may result from the breach which is becoming a standard offering by companies that experience a data breach.
- Customer Assistance: Call center services will be provided (24/7/365) to address questions by affected individuals regarding the breach and/or the steps the breached organization is taking to correct the situation. Through the call center, affected individuals also could register for any monitoring services provided by the organization.
- Identity Recovery: Services associated with clearing and restoring an individual’s identity
Personal Protection Package Our four component Personal Protection Package utilizes proprietary technology and strategic partnerships to protect against and recover from identity fraud.
Benefits Site:
www.privacysolutions.com/benefits
