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ISO Announces Strategic Collaboration with IDT911

Staff Writer | July 11, 2014

ISO announces a strategic collaboration with IDT911 (IDentity Theft 911) a consultative provider of identity and data risk management, resolution, and education services. As part of the collaboration, IDT911 has become the ISO Businessowners Program vendor of choice for data breach avoidance and remediation services.

ISO's Businessowners Program is a package policy providing broad property and liability coverage for small and midsize businesses. ISO filed an optional business owners’ cyber insurance endorsement on a multistate basis this month for a March 2015 implementation date.

The collaboration will help ISO better understand the cost of data breaches and provide a more complete picture of cyber risk. In addition, ISO customers will receive discounts on a comprehensive suite of services from IDT911, which currently serves more than 600,000 businesses in the United States, Canada, and the United Kingdom.

"Cyber risk is no longer an emerging threat, it's a reality that businesses face every day," says Shawn Dougherty, assistant vice president of specialty commercial lines at ISO. "Our alliance with IDT911 will give those insurers writing business owners’ coverage access to the services and information they need to help their customers manage the complex world of cyber risk."

"The ramifications of a breach can haunt companies and their customers for years with reputational damage to the company's brand, potential costly litigation, and legal issues and expenses," says Matt Cullina, CEO of IDT911. "Cyber insurance alone is no longer enough protection from these ever-evolving cyber threats. We're pleased ISO has chosen us as their business owners’ vendor of choice to offer breach expertise to their member companies." 

ISO's cyber insurance policies allow insurers to tailor coverage for their customers by offering  set packages that protect against the most common cyber exposures, including data breaches, data replacement and restoration, cyber extortion, and business interruption.

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