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Chalice Financial Network Launches Cyber Security Protection PackageSAN DIEGO, Aug. 14, 2019 /PRNewswire/ -- Chalice Financial Network™ ("Chalice," "CFN" or "the firm"), a first of its kind Software-as-a-Service (SaaS)-based member-benefit organization for independent financial professionals, today announced the launch of its new Cyber Security Protection Package. Chalice Members will receive a complimentary Cyber Risk Assessment with an option to purchase affordable cyber security insurance coupled with cyber software and compliance support. Keith Gregg, the Chairman and Chief Executive Officer of Chalice Financial Network, said, "As part of Chalice's overall mission to become the best, most trusted and widely admired advisor to our Members, we couldn't be prouder to deliver a solution that addresses a significant pain point for them. Cyber security is fast becoming a top priority in the industry that no advisor can afford to ignore. With the SEC and FINRA focused intently on punishing firms with lapses and the Financial Services Institute recently forming a Cybersecurity Taskforce, our Members needed a reliable and trusted resource that confronts the realities of their entire business, which ultimately will enable them to best serve their clients." The Cyber Security Protection Package provides Chalice Members with an extensive list of cyber security software and insurance features. Cyber security software features include:
Cyber insurance coverages include:
In line with these servies, Chalice has forged partnerships with industry-leading firms Bryce Point Insurance Agency and the cyber security insurance innovator Coalition to ensure that Chalice Members receive the best pricing and features. Bryce Point Insurance Agency's highly trained professionals assess the cost of data breaches and cyber-related liabilities, while Coalition engineers provide expert services that leverage digital automation, data analysis and access safeguards to avert and mitigate cyber crises. Bryce Point Insurance Agency is Chalice's exclusive distributor of Coalition. Jessica Burch, Managing Director of Bryce Point Insurance Agency, said, "We are thrilled to work with Chalice and its 48,000 Members. Very seldom do you see an organization of this size provide such an impressive and comprehensive suite of solutions that is so accessible to small- and mid-size professional businesses. Data breaches have become a common occurrence, particularly at wealth management firms, so this partnership could not come at a better time." Alex Pazooki, Business Development at Coalition, said, "Chalice Members are the type of business owners that most need our services. Research shows that 62% of all cyber attacks target small- and mid-size businesses, with the average data breach costing companies more than $1 million. Cyber security solutions alone are not enough to ensure resiliency when facing loss, which is why Coalition provides each policyholder a full suite of proactive risk-management tools and applications alongside each insurance policy. These offerings help financial professionals vastly improve their cyber security mitigation while significantly lowering their related costs. This aligns perfectly with the overall mission and value proposition of Chalice." Mr. Gregg concluded, "We couldn't be happier to partner with world-class companies such as Bryce Point Insurance Agency and Coalition to deliver a host of protective benefits to our Members. Much like providing Members with access to group health insurance, this is another example of Chalice's commitment to not only spotlighting key pain points for independent business owners but also putting together solutions that will help reduce their pain points." About Chalice Financial Network™ About Bryce Point Insurance Agency About Coalition Chalice Media Contacts Bryce Point Insurance Agency Contacts Coalition Media Contact View original content:http://www.prnewswire.com/news-releases/chalice-financial-network-launches-cyber-security-protection-package-300901814.html SOURCE Chalice Financial Network |