Endurance Insurance Introduces New Cyber Extortion Response Service
(Thomson Reuters ONE) -
PEMBROKE, Bermuda - January 17, 2017 - Endurance Specialty Holdings Ltd.
(NYSE:ENH), a Bermuda-based specialty provider of property and casualty
insurance and reinsurance, announced today that the company has introduced a new
service enabling its insureds to better respond to ransomware and similar
extortion events. Endurance's Breach Assist Counsel, Mullen Coughlin LLC, a
recognized leader in incident response legal services, coordinates with leading
providers of forensic and response services to assist Endurance's clients in the
event of a data breach or other data security incident. Kivu Consulting, a
computer forensic company, has been providing computer forensic investigation
services as part of that network and will now also offer extortion response
services.
Mullen Coughlin's and Kivu's expert teams work with ransomware victims to guide
them as they respond to malicious attacks, including arranging for payment in
Bitcoin or other cryptocurrency, analyzing and testing decryption keys to ensure
they are effectively and safely applied without further compromising the
company's network, and preparing documentation for reporting events to
appropriate law enforcement agencies.
Mr. Brad Gow, Senior Vice President, Endurance Pro, commented "Companies faced
with ransomware are often ill equipped to obtain Bitcoin or other cryptocurrency
under tight deadlines. By providing our policyholders with access to experts to
guide them through the payment and decryption processes, we assist them to
minimize disruption to their business operations and execute the crisis response
in a manner that best protects our insured from future harm."
Mr. Christopher Sparro, Chief Executive Officer of U.S. Insurance added, "We are
excited about this new service as we continue to evolve our cyber response
capabilities, adding innovative products and services for our clients. Mullen
Coughlin and Kivu are two members of a selected team of best-in-class preferred
vendors that our breach response team can access to assist our insureds to
quickly and professionally respond to breaches."
Mr. John Mullen, Partner, Mullen Coughlin, stated, "Rapid growth in ransomware
attacks is impacting both small and large organizations. Given the increasing
complexity of the attacks, some targets have experienced multiple extortions if
they don't effectively manage the initial response. We are extremely pleased to
be offering these technical support services as they are a natural complement to
the cyber extortion coverage that Endurance provides their clients."
About Endurance Specialty Holdings
Endurance Specialty Holdings Ltd. is a global specialty provider of property and
casualty insurance and reinsurance. Through its operating subsidiaries,
Endurance writes agriculture, professional lines, property, marine and energy,
and casualty and other specialty 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), A (Strong) from Standard and Poor's and A2 from
Moody'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.
About Mullen Coughlin
Mullen Coughlin LLC is a law firm uniquely dedicated to servicing insured
organizations of every size and from every industry faced with data privacy
crises, security incidents, and risks. Having handled thousands of such events,
our accessible and motivated attorneys possess experience and talent with
respect to the complicated and constantly changing risks to the security of
information systems and data as well as the complex state, federal, and
international laws imposing requirements on organizations. Founded by John
Mullen, Chris DiIenno, Jim Prendergast, and Jennifer Coughlin, Mullen Coughlin
is the largest team of experienced attorneys - currently 17 - uniquely focused
on providing tailored data privacy and security incident response services under
the umbrella of cyber insurance, as well as pre-breach planning and compliance,
breach response, regulatory investigation and management, and privacy litigation
defense. Mullen Coughlin services organizations from every sector, including:
Financial Services, Healthcare, Retail, Education, Government and Non-Profit and
Professional Services. We think of ourselves as ".first, focused, and finest"
when it comes to cyber counsel.
Contact
Investor Relations
Phone: +1 441 278 0988
Email: investorrelations(at)endurance.bm
# # #
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Endurance Specialty Holdings Ltd via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 17.01.2017 - 22:15 Uhr
Sprache: Deutsch
News-ID 518227
Anzahl Zeichen: 5865
contact information:
Town:
Pembroke
Kategorie:
Business News
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"Endurance Insurance Introduces New Cyber Extortion Response Service"
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