Endurance Insurance Introduces New Cyber Extortion Response Service
January 17 2017 - 4:15PM
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@endurance.bm
# # #
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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
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