|[November 07, 2012]
New Podcast from ACE Provides Perspectives and Preventative Tips on Privacy and Network Security Risks for Public Entities
PHILADELPHIA --(Business Wire)--
ACE USA, the U.S.-based retail operating division of the ACE Group,
today announced the availability of a new podcast exploring the privacy
and network security exposures faced by the public entity and
educational sectors. "Privacy and Network Security: Understanding the
Risks & Maximizing Solutions within Public Entities" is the first in an
occasional series of recordings designed to provide topical information
and relevant risk solutions for public entities. The podcast reviews
appropriate notification responsibility and offers proactive steps that
can be beneficial in the prevention of a future breach.
"Given ACE's vast scope of comprehensive underwriting expertise and
products designed to meet the specialized needs of the public entity
sector, we are pleased to be able to offer this informational podcast
series," said Paul Cunney, Vice President, ACE Public Entity Practice
Leader. "Our goal in the creation of this educational podcast is to
address the timely and relevant privacy issues affecting public
entities, and share useful and targeted solutions to help them manage
the escalating risks they face."
The new ACE podcast includes commentary from Mr. Cunney and Mr. Merrill,
Vice President, ACE Professional Risk, who oversees the Technology and
Privacy/Network Security Liability product for that group. It examines
the dramatic rise in privacy and network security exposures among
municipalities and school districts. "According to the Privacy Rights
Clearinghouse, as of August 2012, there have been 124 nown breaches in
the Public Entity and Educational sectors to date," said Mr. Merrill.
"Cyber privacy risks pose a great concern to public entities. It's not
only important to understand what specific exposures may exist, but also
to take action to properly address and mitigate any future risks of data
breaches that will help protect their stability and financial health."
Once a breach occurs, public entities not only need to address the data
breach, but also likely bear the responsibility for the costs associated
with the event. This podcast outlines some preventative tips that may
assist public entities when facing these risks. "We hope the podcast
will provide some insight as to the potential risks associated with
privacy and security concerns, and the need to work with an insurance
carrier with a robust breadth of underwriting and claims expertise.
Reviewing data stemming from previous breaches, and applying that
knowledge to take appropriate proactive risk measures, can enable public
entities to help protect themselves against future exposures," said Mr.
To access the podcast, please visit
our website. The material presented in the podcast is not intended
to provide legal or other expert advice. It is presented as information
only. Listeners should consult legal counsel or other experts, as
applicable, with any questions they may have.
ACE USA is the U.S.-based retail operating division of the ACE Group,
headed by ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M.
Best Company and A+ (Strong) by Standard & Poor's. ACE USA, through its
underwriting companies, provides insurance products and services
throughout the U.S. Additional information on ACE USA and its products
and services can be found at www.acegroup.com/us.
The ACE Group is one of the world's largest multiline property and
casualty insurers. With operations in 53 countries, ACE provides
commercial and personal property and casualty insurance, personal
accident supplemental health insurance, reinsurance, and life insurance
to a diverse group of clients. ACE Limited, the parent company of the
ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a
component of the S&P 500 index. Additional information can be found at: www.acegroup.com.
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