One-Stop-Shopping for Cyber Security Compliance & Insurance Solutions -- from Red Flags to NIST & Reg S-ID -- Offered by New Global Team, CyberInsure Solutions

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There’s now a single-stop solution for companies facing cybersecurity compliance and insurance requirements – from FTC Red Flags to SEC Regulation S-ID; HIPAA cyber compliance to federal Interconnection Security Agreements (ISAs); and NIST to FERC guidelines: CyberInsure Solutions.

There’s now a single-stop solution for companies facing cybersecurity compliance and insurance requirements – from FTC Red Flags to SEC Regulation S-ID; HIPAA cyber compliance to federal Interconnection Security Agreements (ISAs); and NIST to FERC guidelines.

CyberInsure Solutions (http://www.cyberinsuresolutions.com) is a team of top insurance and technology experts who help companies and insurance carriers resolve cybersecurity risks through cost–effective combinations of enhanced security and cyber insurance.

CyberInsure offers tailored solutions for specific requirements. For example, many credit unions and community banks are grappling with the FTC Red Flags Rule, which requires an “Identity Theft Prevention Program” to detect warning signs – or red flags – of ID theft. CyberInsure now offers these financial institutions a single process to meet the compliance requirements while at the same time obtaining Red Flags insurance. CyberInsure partners offer similar solutions for medical organizations scrambling to avoid costly HIPAA violations; broker-dealers/investment advisors preparing for new CFTC & SEC Reg S-ID scrutiny of their cyber security; and businesses across the country worried that data breaches could expose them to devastating law suits.

“Many CEOs and boards are now realizing they’re not covered for critical areas of cyber liability, or even covered at all,” says Mike Carey, CyberInsure senior insurance advisor. “If you’re not certain you have cyber insurance, you probably don’t, since traditional business policies usually don’t include it. Companies with basic cyber policies may still have coverage holes in complex technical areas or for emerging threats such as cyber theft and injury. News headlines show that even some of the biggest companies thought they were covered but got stuck with huge damages.”

“It takes a combination of technical and insurance expertise to make cost-effective decisions on where to mitigate risk and where to cover it with insurance -- and be comfortable in the end that your bases, and loopholes, are covered,” adds Terry Flyntz, CyberInsure’s senior cybersecurity advisor and veteran of numerous commercial and classified government cyber projects.

William R. Carey & Company, a brokerage with years of cyber and London Markets experience, leads CyberInsure’s insurance operations. The team’s cutting-edge security assessments are based on a proprietary Cyber Insurance Risk Management Framework (CIRMF), with patent-pending scoring system, developed by Mr. Flyntz of Delta Security Technologies. Cyber security policy consulting for boards and CEOs, plus a wide range of cyber services, are offered by team-member McGladrey, the leading provider of professional services focused on the middle market, with more than 7,000 people across 75 U.S. cities and 32,000 people in over 110 countries.

“CyberInsure also brings cutting-edge expertise to insurance carriers and their clients in areas such as incident response, vulnerability testing, digital forensics and cleared government contracting, along with specialized business and technical analysis of cyber and captive issues for carriers,” says Andy Obuchowski, a McGladrey director and expert in cyber security and privacy.

For more information, visit http://www.cyberinsuresolutions.com or email: advisor(at)cyberinsuresolutions(dot)com

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