Allied World launches data breach solution

Allied World US has launched Privacy//403, a coverage solution for sensitive information in the event of a data breach.

The product delivers a specified response vendor solution covering liability and expenses associated with a data breach.

The product appears a timely one, with well-publicised data breaches occurring in recent months in the US at the likes of Sears and Target.

According to recent data from IBM the cost of a single successful cyber attack is now $300, 000.