IDentity Theft 911, an identity management and data risk management services, announced two new tools to assess the risks and costs associated with small business data breaches: the Data RiskCompass and the Breach Expense RiskCompass.
The tools were announced during the company’s Privacy XChange Forum (pXf), held Nov. 3-5 in Paradise Valley, Ariz. pXf is an interactive event designed for attendees to learn, share ideas, network and gain insight into the future of identity and data risk management and its impact on consumers and businesses.
Data RiskCompass and Breach Expense RiskCompass are online tools exclusively available to IDentity Theft 911 partners as part of the company’s enhancement to its DataRiskStages data breach services. Together, the tools bring awareness to the risks affecting small businesses and drive discussion towards the right behaviors and coverage for the business.
The interactive Data RiskCompass helps educate small business policyholders about behaviors that may put sensitive information at risk of a data breach. More than standard underwriting questions, policyholders will answer a series of simple questions to obtain their data breach risk score of 1 to 100. They can easily map out the weaknesses in their company’s data security and obtain best practice tips on how to eliminate them. Breach Expense RiskCompass helps insurance agents to better promote data breach coverage policies and makes it easier to determine appropriate coverage limits for business policyholders in this emerging market.
“As a company that caters to the insurance industry, we’re always looking for ways to make the agents’ job easier and help them educate their clients,” said Matt Cullina, chief executive officer of IDentity Theft 911. “These tools give agents the information they need to recommend coverage limits for emerging risks, giving agents another customer touch point and increasing a cyber-insurance or data breach insurance sale.”
For more information or for a demonstration, contact IDentity Theft 911 at 888-682-5911.
Source: Identity Theft 911
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