ERiskHub Factsheet

eRISK HUB YOUR SPECIALISED WEB PORTAL TO
HELP PREVENT AND RESPOND TO CYBER LOSSES
Are you prepared for a cyber attack?
Data breaches are costly, and are sadly on the rise. Businesses need to be equipped to not only
restore their systems as quickly as possible, but also cover the costs arising from complying with
customer notification requirements and handling crisis management.
With the EU data protection directive well on the way to becoming law, there has never been a
better time to focus on this issue. Even companies with strong security and privacy controls are
not immune to cyber risks, such as the theft or damage of customer records by external or even
internal parties.
They way in which a company handles a data breach can vastly impact their reputation. In fact, a
recent global survey showed that company reputation and the fallout from reputational damage is
now the number one strategic risk facing large companies.
Once a data breach or privacy incident occurs, immediate expertise may be needed to navigate
the complex response landscape. Chubb’s eRisk Hub® provides businesses with the necessary
resources to help them mitigate their risk of a data breach or privacy loss and assist them in
responding quickly when one occurs.
Key Features of Chubb’s eRisk Hub®
Cover/ Service Benefit Breach Coach
4 Provides 30 minutes of free consultation with an
experienced network security and privacy lawyer following a
breach.
Incident Road Map
4 Spells out the steps a company might take in the event of a
data breach or privacy loss.
News Centre
4 Offers up-to-date and relevant network security and privacy
news, blogs, risk management events, and informational
industry links.
Learning Centre
4 Features articles and white papers written by industry and
legal experts on compliance, network security, privacy, and
breach recovery.
Risk Manager Tools
4 Provides tools that can help educate companies about
the nature, prevalence, and scale of cyber risk, including a
risk calculator to help quantify potential exposure to data
breaches and data breach research tools.
eRisk Resources Directory
4 Links to external resources with expertise in pre and post
breach practices.
Can your business survive a data breach or privacy loss?
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Data privacy breaches are costing small organisations with 50 or fewer employees between £65,000 and
£115,000 per breach. Large organisations with 250 or more employees are suffering losses between
£600,000 and £1.15m per breach.
Information Security Breaches Survey 2014 (PwC and the UK Department for Business, Innovation and Skills.)
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The cost of data breaches continues to rise for the seventh consecutive year. Last year the average cost
per compromised record increased from £86 to £95.
(IBM & Ponemon Institute 2014 Cost of Data Breach Study: UK)
When you weigh up the potential costs of a data security breach, risk mitigation through
insurance coverage and loss prevention is more than a smart investment it’s business critical.
Use Chubb’s eRisk Hub® to prevent and respond to a cyber event
Prevention
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Response
• Call the Breach Coach
• Access free Webinars about responding to data breaches and privacy losses
• Find legal experts experienced in breach notification, eDiscovery, business continuity, and regulatory
compliance
• Consult with computer forensic professionals to investigate a breach event
• Retain a public relations firm experienced in managing data breach and privacy communications
Learn industry-accepted techniques in cyber risk management
Stay on top of breach activity and trends through e-mail alerts and news services
Bolster your incident response plan with our Incident Response Road Map
Test your privacy controls with our proprietary Private/Confidential Information Protocol and Checklist
Download risk management forms and documents
Locate resource to train your employees about privacy, physical security, and IT security
Engage a loss prevention consultant and benefit from a premium reduction
The good news
Chubb eRisk Hub® is available exclusively to Chubb CyberSecurity policy holders at no extra cost.
Contact
Please contact your broker or Chubb underwriter for information about Chubb’s market leading products as well as for access to
Chubb eRisk Hub®.
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© Chubb Insurance Company of Europe SE 2013
F49 01/15