KANSAS CITY, Mo., June 15, 2017 /PRNewswire/ -- A data breach, ransomware incident, employee security lapse or a hacker threat can cause devastating financial losses and damage corporate reputation. Lockton, the world's largest privately held insurance broker, has entered into an agreement with FleishmanHillard, a global communications firm, to help clients with preparedness planning, crisis management and crisis communications.
"Every situation is unique when it comes to cyberattacks," said Michael Born, cyber team leader in Lockton's Kansas City office. "Well-prepared breach responses are essential to managing the cyber incident."
In addition to legal liability and operational response costs, breaches can damage corporate reputation, costing the loyalty of customers and employees, affecting sales, and drawing regulatory scrutiny. Stabilizing these stakeholder relationships immediately after a breach is critical to recovery of the business.
"Many of our clients are just as concerned about the impact to their brand as they are about the more direct financial costs of a data breach," observed Born.
Lockton's agreement with FleishmanHillard gives clients access to a global team of specialists who work with organizations to prepare for attacks, educate employees, handle regulatory and legislative bodies and more. FleishmanHillard helps clients navigate this complicated environment through experience and expertise working with the multi-disciplinary teams needed to not only prepare for an incident, but effectively respond to one as well.
For more information about the agreement, contact Michael Born or your Lockton service team.
Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives. For eight consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.
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