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.
Allied World, cyber, IBM, insurance