ID Experts Tools Up for Growth and Innovation in Data Breach Services

PORTLAND, Ore., May 22, 2014 /PRNewswire/ -- Data breaches are a modern-day plague to businesses: hard hitting, damaging, and costly. As a result, organizations have been turning to cyber insurance to mitigate data breach risks and protect their bottom line. Insurance brokers, carriers, and their clients increasingly rely on ID Experts for breach notification and response strategies and services. To meet this growing demand, data breach veteran Jeremy Henley, CHPC, will take on additional responsibilities as director of breach services for ID Experts.

Henley will now have direct oversight for all breach incident management services. For the past five years, he has managed ID Experts activities and engagements with cyber insurers and their breach coaches, leading to the development of the Virtual Privacy Expert™, a one-stop resource to equip cyber insurance carriers with tools and information to proactively minimize cyber risks for their insureds. He also was instrumental in developing the YourResponse™ methodology to minimize financial, legal and reputational risks associated with data breach response strategies. In his new role, Henley will continue to drive innovation in products and services that meet the needs of cyber insurance carriers, attorneys, brokers, and their clients.

"The rising costs of data breach are forcing organizations to turn to cyber insurance. Today, the average total cost of a data breach has increased 15 percent in the last year to $3.5 million, according to the recently published 2014 Cost of Data Breach Study, by Ponemon Institute," said Paul O'Mara, senior vice president, sales and professional services at ID Experts. "Insurance brokers and carriers look to Henley's expertise in data breach response, and his leadership in developing innovative programs and services, to form a strong foundation on which we will continue to expand and grow."

"The insurance and legal communities are taking a proactive role in managing data breach response oversight for their clients, especially to manage first- and third-party breach risks and liability," commented Henley. "ID Experts' 10 years of data breach experience—coupled with a patented breach response process and RADAR™, proven incident response management software—fills the gap for these markets, specifically those looking for breach response knowledge and efficiencies."

For more information about ID Experts Data Breach Services visit http://www2.idexpertscorp.com/data-breach-solutions/

About ID Experts

ID Experts provides software and services for managing the disclosure and breaches of regulated data. Leading organizations in healthcare, insurance, financial services, universities, higher education, and government rely on ID Experts' patented RADAR™ data incident management software and data breach response services for managing risks. Exclusively endorsed by the American Hospital Association, ID Experts is an advocate for privacy and a leading contributor to legislation and industry organizations that focus on the protection of PHI and PII. On the web: http://www2.idexpertscorp.com/.

SOURCE ID Experts