AIG eBusiness Risk Solutions Expands Coverage Against Cyber Security Threats

AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG) has enhanced its AIG NetAdvantage® Suite of network security insurance and risk management services to address the increasing exposure to threats of viruses, hackers, information theft and destruction, and cyber terrorism.

The AIG NetAdvantage® Suite 2003 has expanded Internet and network insurance coverages with new features, including:

*Network Business Interruption, providing payment for both online and offline business interruption losses following a computer attack; includes coverage for extended business interruption losses and dependent business interruption losses;
*Forensic Expenses and Extra Expense coverage, providing reimbursement for computer attack forensic and investigation expenses and payment for certain additional expenses incurred to restore the insured business;
*Broadened Network Security Liability coverage for third party damages and defense costs for legal liability arising out of a covered computer attack on the insured’s network, including punitive damages;
*Broadened definition of Computer Attack including both targeted and non-targeted attacks;
*Identity Theft liability coverage for theft of electronically stored personal information of employees, customers, or clients of the insured; an optional AIG identity theft call center is also available;
*Cyber-terrorism coverage available by endorsement for broadly defined Acts of Terrorism, providing coverage for both “certified” and “non certified” Acts of terrorism, as defined in TRIA; coverage provides for first- and third-party loss, damage to data, business interruption and third-party liability resulting from acts of cyber terrorism; and
*Physical theft of hardware containing data and information assets.

AIG eBRS also makes available critical loss prevention services through members of the AIG Technology Alliance, including free on-site security assessments for qualified applicants. The AIG NetAdvantage® Suite 2003 can be tailored to address the needs of each customer and is provided on a worldwide and system-wide basis.

To learn more about the new Suite’s benefits and services, visit www.aignetadvantage.com.

Topics Cyber AIG