DELIVERING VALUABLE INSIGHT INTO PRIVACY RISK EXPOSURES.
Assess and identify privacy risk exposures at an organization or across a portfolio of companies.
New challenges in protecting consumer data have exponentially increased with companies' use of website tracking technologies and as a result enforcement actions and litigation are on the rise. And for insurers, visibility into the potential privacy exposures is paramount to protecting its portfolio from substantial claim losses.
Last year, Privacy-related Class Action Settlements increased 41% over the prior year, reaching $898M. By comparison, Data Breach Class Action Settlements totaled $719M.
CyRisk's Privacy Risk Detection (PRD) is a real-time privacy exposure detection solution that protects insurers and their policyholders from losses, claims and associated litigation.
CyRisk's Privacy Risk Detection (PRD) analyzes websites for advertising and marketing technologies as well as misconfigurations that lead to:
- Data Breaches Caused by Unauthorized Sharing of Data
- Privacy-related Class Action Litigation, Awards and Settlements
- Violations of Federal and State Laws
- Improper Data Collection
- Regulatory Enforcement Actions and Associated Fines, Penalties and Settlements
- Notification Costs
Our reports offer details of current privacy exposures detected on each organization's digital assets and provides risk mitigation recommendations.
CyRisk insurance clients leverage (PRD) to inform their underwriting and alert current policyholders regarding pertinent exposure to privacy suits and enforcement actions.
Our PRD solution leverages our proprietary Privacy Events Database, which is maintained by our privacy litigation team and is backed by our long-standing experience in the cybersecurity and compliance industry, our staff of privacy experts, and our years of risk analytics work for the cyber insurance community.