Farmington Hills, Mich. (November 20, 2018) – Burns & Wilcox, North America’s leading wholesale insurance broker and underwriting manager, announced today an exclusive partnership with London-based BreachAware, a cyber-security company specializing in data breach research and analysis.
BreachAware is a proprietary risk mitigation tool that scans the web 24/7 and identifies compromised assets such as company email addresses, passwords, and personally identifiable information linked to employees of an organization. This tool helps to reduce the likelihood of account compromise and warns users of phishing attacks through instant, action-oriented alerts when new data is discovered.
Each year, millions of business records are compromised that contain valuable information used to carry out cyber-attacks against employees and organizations alike. This exposed data creates an elevated risk of account takeover and unauthorized access, especially where password reuse is prevalent.
“Cyber threats continue to be a major business concern. Burns & Wilcox partnered with BreachAware to pair cyber security and monitoring services with our specialty insurance solutions. Brokers and agents can now offer their clients another solution to improve security, regardless if they have a Cyber Insurance product,” said David Derigiotis, Corporate Vice President, National Professional Liability Practice Leader, Burns & Wilcox. “Many organizations don’t understand just how large their digital footprints have become. This service will help shrink down that exposure and strengthen their security posture.”
Burns & Wilcox partnered with BreachAware because of their expertise and the value-add their technology brings to the company’s current and future relationships. This risk management program will serve as an extension of the cyber products and services offered by Burns & Wilcox and will allow commercial clients to better understand their exposure to compromised credentials, providing a proactive approach that can reduce the risk of compromise. The addition of this service may also lead to more favorable Cyber Insurance premiums for buyers.
“Our team understands the importance of cyber security and risk management in the insurance industry, and our program is fit to complement the services offered through Burns & Wilcox,” said Andrew Alston, CEO of BreachAware. “We look forward to watching our technology help proactively serve and protect businesses across the globe.”
To learn more about the partnership, visit: https://www.burnsandwilcox.com/breachaware.
About Burns & Wilcox
Burns & Wilcox is the industry’s leading wholesale insurance broker and underwriting manager internationally recognized for its expertise in commercial and professional liability, property, marine and personal insurance.
Burns & Wilcox is a member of H.W. Kaufman Group, which has more than 60 offices across the United States, Canada, and the United Kingdom and employs more than 2,000 professionals. Founded in 1969 and headquartered in Metro Detroit, H.W. Kaufman Group also includes: Burns & Wilcox Brokerage, Burns & Wilcox Canada, Burns & Wilcox Re, Atain Insurance Companies, Afirm, Global Excess Partners, R.B. Jones, Stonemark, Minuteman Adjusters, and London-based, Chesterfield Insurance Brokers, Lochain Patrick, and Cranbrook Underwriting. More information can be found at www.burnsandwilcox.com or www.hwkaufman.com.