Burns & Wilcox partners with cyber firm on new risk management program

Burns & Wilcox partners with cyber firm on new risk management program | Insurance Business America

Burns & Wilcox partners with cyber firm on new risk management program

Burns & Wilcox has formed an exclusive partnership with a London-based cybersecurity company.

The cybersecurity company, BreachAware, specializes in data breach research and analysis. BreachAware is the developer of a proprietary risk mitigation tool that helps users identify compromised assets such as company email addresses, passwords, and personally identifiable information linked to employees of an organization.

Through the partnership, BreachAware’s platform will be provided alongside Burns & Wilcox’s other cyber products and services, allowing commercial clients to better understand their exposure to compromised credentials, a release said.

BreachAware’s platform could also lead to more favorable cyber insurance premiums for Burns & Wilcox’s clients.

“Cyber threats continue to be a major business concern. Burns & Wilcox partnered with BreachAware to pair cyber security and monitoring services with our specialty insurance solutions. Brokers and agents can now offer their clients another solution to improve security, regardless if they have a cyber Insurance product,” said Burns & Wilcox corporate vice-president, national professional liability practice leader David Derigiotis.

“Our team understands the importance of cyber security and risk management in the insurance industry, and our program is fit to complement the services offered through Burns & Wilcox,” added BreachAware CEO Andrew Alston.

 

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