Insurer Selects NetDiligence and SecurityScorecard for Policyholders
PHILADELPHIA, April 23, 2015 – NetDiligence®, a leading cyber risk assessment and data breach services company, announced today that Endurance has engaged NetDiligence to provide enhanced cyber risk assessment and data analytic services , including security posture scoring from SecurityScorecard, Inc., a NetDiligence strategic alliance partner.
NetDiligence and Security Scorecard announced their strategic partnership in January 2015, with the aim of helping cyber liability insurers better gauge the security posture of policyholders and applicants for coverage. Under terms of the agreement, NetDiligence, a long-time leader in enterprise-wide cyber risk assessments, offers SecurityScorecard’s risk grading service as part of its QuietAudit® assessment services.
“We see value in the enhanced cyber risk assessment services provided by NetDiligence and SecurityScorecard because they give our underwriters and clients deeper insight into vulnerabilities in their data security practices that could provide openings for hackers,” said Brad Gow, senior vice president of Endurance Insurance. “These expanded cyber risk assessment services not only provide objective measurements of our clients’ potential risk factors, but also indicators of trends and emerging risks.”
“We’re delighted that Endurance selected NetDiligence’s expanded QuietAudit assessment services, specifically SecurityScorecard’s risk grading service, to help their clients identify and mitigate their cyber risk,” said Mark Greisiger, NetDiligence’s president. “It’s gratifying that Endurance sees the same bottom-line benefits — for both client and insurer — to mitigating cyber risk before the bad event happens.”
For more information about NetDiligence’s expanded QuietAudit cyber risk assessment services, email [email protected] or call 610-525-6383.
NetDiligence® is a privately-held cyber risk assessment and data breach services company. Since 2001, NetDiligence has conducted thousands of enterprise-level cyber risk assessments for a broad variety of organizations, including public entities, financial services, retailers, software developers, medical providers and universities. NetDiligence services are used by leading cyber liability insurers in the U.S. and U.K. to support both loss-control and education objectives. NetDiligence hosts a biannual Cyber Liability Conference attended by risk managers, privacy attorneys and cyber liability insurance leaders from around the world. NetDiligence is also an acknowledged leader in data and privacy breach prevention and recovery. Its eRiskHub® portal (www.eriskhub.com) is licensed by cyber liability insurers to provide education and breach recovery services to their policyholders. For more information, visit www.NetDiligence.com.
SecurityScorecard, Inc. provides precise global threat intelligence and risk awareness continuously and non-intrusively so businesses and their partners can collaboratively intervene on and remediate data security issues. Security Scorecard Inc. is privately-held with headquarters in New York, NY. Founded in 2013, Security Scorecard investors include Sequoia, Evolution Equity, /bold/start and Atlas Ventures, among others. For further information, please visit www.securityscorecard.com or email [email protected].
About Endurance Specialty Holdings Ltd.
Endurance Specialty Holdings Ltd. (NYSE: ENH) is a global specialty provider of property and casualty insurance and reinsurance. Through its operating subsidiaries, Endurance writes agriculture, casualty and other specialty, professional lines and property lines of insurance and catastrophe, property, casualty, professional lines and specialty lines of reinsurance. We maintain excellent financial strength as evidenced by the ratings of A (Excellent) from A.M. Best (XV size category) and A (Strong) from Standard and Poor’s on our principal operating subsidiaries. Endurance’s headquarters are located at Waterloo House, 100 Pitts Bay Road, Pembroke HM 08, Bermuda and its mailing address is Endurance Specialty Holdings Ltd., Suite No. 784, No. 48 Par-la-Ville Road, Hamilton HM 11, Bermuda. For more information about Endurance, please visit www.endurance.bm, email [email protected] or call +1 441 278 0988.
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