CyberScout Expands Partnership with RAM Mutual Insurance Company
SCOTTSDALE, Ariz. (PRWEB) September 06, 2018 -- Industry leader in identity and data defense services, CyberScout this week announced the expansion of the company’s partnership with RAM Mutual Insurance Company, which is one of the leading reinsurers to the township mutual industry, in addition to providing a full line of personal and commercial products to over 45,000 policyholders through a network of 600 independent insurance agents.
CyberScout’s partnership with RAM Mutual began in 2006 with identity management and education services to the company’s personal lines policyholders.
The expansion now includes cyber insurance coverage for eligible expenses and exposures associated with a privacy breach incident, including the investigation of a breach, notification of impacted individuals, and defense/indemnity should a law suit arise. The coverage still provides proactive, comprehensive data breach protection and remediation services. BerkleyRe Solutions was selected to provide the custom turnkey reinsurance services component.
CyberScout will be the single point of contact for all breach response efforts and will contact the affected policyholder within 24 hours.
The expanded partnership will allow RAM Mutual to offer clients proactive services to help minimize the impact of a future privacy event or data breach (educational tools, breach preparedness plans), as well as reactive post breach services to provide expert assistance if such an event occurs (breach counseling, crisis management, notification assistance, remediation services and media relations assistance).
“Our partnership with RAM is expanding at the right time,” said CyberScout CEO Matt Cullina. “The cost of a data breach or compromise has to be measured both in loss of productivity as well as an organization’s bottom line, both of which need to be protected in the current environment.”
“RAM partnered with CyberScout in late 2006 to address identity theft. As the cyber exposure has evolved, our relationship with CyberScout has evolved with it,” said Josh M. Lowe, Vice President of Operations at RAM. “This still holds true today as we enhanced our product lines to address ever-changing risks associated with cyber for both our commercial and individual customers. We rely on CyberScout’s expertise within the cyber industry and feel confident in trusting that the service they have provided to RAM and our customers is the best in the industry.”
About CyberScout
CyberScout sets the gold standard for identity and data defense services—from proactive protection to education to successful resolution. Since 2003, CyberScout has combined on-the-ground experience with high-touch personal service to help commercial clients and individuals minimize risk and maximize recovery. To learn more, visit http://www.CyberScout.com.
About RAM Mutual
Founded in 1931 by a group of Minnesota township mutuals, RAM Mutual Insurance Company is proud to be the leading reinsurer to the Minnesota township mutual industry. Offering a full line of personal and commercial lines products, our policyholders can rest assured they are protected from a covered loss. For more information, visit http://www.rammutual.com.
Lelani Clark, CyberScout, http://www.cyberscout.com, +1 646-649-5766, [email protected]
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