The Hanover Announces Launch of Cyber Risk Management Program for Commercial Lines Cyber Customers

Rhea-AI Summary

The Hanover Insurance Group (NYSE:THG) has launched its new Hanover CyberSecure Program™, aimed at enhancing cyber risk management for its Commercial Lines cyber customers. This proactive program offers a comprehensive suite of cybersecurity services, including managed detection and response, data backup and recovery, multi-factor authentication, data breach response planning, and endpoint protection. These services are available either at no cost or at a discounted rate, reflecting the company's commitment to helping businesses mitigate cyber threats effectively. Eric Cernak, president of cyber at The Hanover, emphasized the importance of tailored solutions in addressing varying business vulnerabilities. The program is designed to simplify the process for policyholders, providing access to vetted industry partners for comprehensive cyber threat management.

Positive

• Launch of Hanover CyberSecure Program™ enhances offerings in cyber risk management.
• Provides a robust set of cybersecurity services at no charge or discounted rates.
• Includes multiple services like managed detection, data recovery, and multi-factor authentication.

Negative

• None.

WORCESTER, Mass., April 13, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) today announced the launch of its Hanover CyberSecure Program™, a proactive cyber risk management program offering a robust set of cybersecurity services. This program is now available to the company's Commercial Lines cyber customers.

This latest offering is part of the company's holistic approach to cyber insurance that includes tailored products, risk mitigation tools and services, and a network of cyber incident response partners for its agents and customers. Designed to help protect against, respond to, and mitigate cyber risk, the solutions are delivered through strategic partnerships and are offered at no charge or at a discount.

"No business is immune to cyber risk, and every organization has unique vulnerabilities," said Eric Cernak, president, cyber, at The Hanover. "With thousands of cyber risk management service providers in the marketplace, it can be challenging to know which industry experts to turn to. The Hanover CyberSecure Program™ brings together a variety of solutions offered through vetted industry partners, making it easy for policyholders to leverage the services to help protect their businesses from cyber threats and prevent cyber losses."

To help address an array of risks, the Hanover CyberSecure Program™ offers business solutions including:

• Managed detection and response – Monitoring for cyber threats and responding to threat alerts requires extensive time and a unique skillset that often is beyond the capabilities of business security teams. Managed detection and response combines technology with human expertise to rapidly identify and contain threats across a business's entire attack surface.
• Data backup and recovery – Data loss can cause costly downtime, and some businesses may fail to fully recover from such incidents. This service helps keep data safe, compliant and easily recovered, while reducing the risk and lessening the impact of new and emerging data breach threats.
• Multi-factor authentication (MFA) – Cyber criminals often steal usernames and passwords to attack accounts and gain access to systems. MFA provides a user verification method that helps impede such attacks, while reducing login time, lowering risk and eliminating passwords.
• Data breach response planning – Having a response plan in place can help significantly reduce the impact of a data incident. These tools help businesses understand current exposures and establish a response plan.
• Endpoint protection and response – End-user devices, such as laptops and cell phones, are often leveraged by cyber criminals to gain access to business networks. Endpoint protection and response provides visibility across organizations' endpoints, helping keep networks and devices safe from threats while working quickly to stop active attacks.

For more information about The Hanover's CyberSecure Program™, please visit www.hanover.com/cybersecureprogram.

About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, the company offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.

CONTACTS:
Abby M. Clark	Emily P. Trevallion
abclark@hanover.com	etrevallion@hanover.com
508-855-3549	508-855-3263

All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates ("The Hanover"). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about The Hanover visit our website at www.hanover.com.

 

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SOURCE The Hanover Insurance Group, Inc.

FAQ

What is the Hanover CyberSecure Program™ launched by The Hanover Insurance Group?

The Hanover CyberSecure Program™ is a proactive cyber risk management program offering a suite of cybersecurity services for commercial customers.

When was the Hanover CyberSecure Program™ announced?

The Hanover CyberSecure Program™ was announced on April 13, 2023.

How does the Hanover CyberSecure Program™ benefit commercial customers?

It provides various cybersecurity services, including managed detection and response, data backup, and endpoint protection, often at no cost or discounted rates.

What services are included in the Hanover CyberSecure Program™?

The program includes managed detection and response, data backup and recovery, multi-factor authentication, data breach response planning, and endpoint protection.

Who is the president of cyber at The Hanover Insurance Group?

Eric Cernak is the president of cyber at The Hanover Insurance Group.