AXA XL Introduces New Endorsement to Help Public Companies Address SEC Cyber Incident Reporting Requirement Costs
AXA XL Introduces New Endorsement to Help Public Companies Address SEC Cyber Incident Reporting Requirement Costs
NEW YORK, May 6, 2024 /PRNewswire/ -- AXA XL unveiled a new cyber insurance endorsement providing public companies with dedicated coverage to address the costs associated with updated U.S. Securities and Exchange Commission (SEC) reporting compliance obligations following a cyber incident.
纽约，2024年5月6日 /PRNewswire/ — AXA XL公布了一项新的网络保险认证，为上市公司提供专门保险，以解决与网络事件发生后美国证券交易委员会（SEC）更新的报告合规义务相关的成本。
According to Michelle Chia, Chief Underwriting Officer for Cyber in the Americas, "Just four days. That's how long public companies have to meet proper disclosures requirements once they determine they suffered a material cyber breach. That's not a lot of time. Having this dedicated coverage to quickly address SEC reporting requirements provides companies with added financial protection and support during a challenging time."
美洲网络首席承保官米歇尔·奇亚表示：“只有四天。这就是上市公司在确定遭受重大网络漏洞后必须满足适当的披露要求多长时间。时间不多。在充满挑战的时期，通过这种专门的保险可以快速满足美国证券交易委员会的报告要求，为公司提供额外的财务保护和支持。”
Under the SEC's Cybersecurity Risk Management, Strategy, Governance and Incident Disclosure rule, public companies are required to disclose cyber incidents that could have a material impact on their business, including the risks and potential consequences. This includes disclosing breaches, theft of sensitive information, and other cyber-related events. Public companies are required to report a breach in a Form 8-K within four days once they have determined that an incident is material.
根据美国证券交易委员会的网络安全风险管理、战略、治理和事件披露规则，上市公司必须披露可能对其业务产生重大影响的网络事件，包括风险和潜在后果。这包括披露漏洞、盗窃敏感信息和其他网络相关事件。上市公司在确定事件是重大事件后，必须在四天内通过8-K表格报告违规行为。
AXA XL's new endorsement provides dedicated coverage for the costs of investigating the breach including legal fees for compliance and disclosure requirements such as the filing of an 8-K.
AXA XL的新认可为调查违规行为的费用提供了专门的保障，包括合规和披露要求的律师费，例如提交8-K表。
According to Rachel Rossini, Cyber Product Manager, "This new endorsement allows our clients to quickly access coverage that is specifically earmarked to address these compliance requirements and giving them the flexibility to enlist their preferred securities counsel. Having evaluated average investigation and disclosure, we're pleased to offer added protection at a sublimit appropriate with the exposure."
网络产品经理雷切尔·罗西尼表示：“这种新的认可使我们的客户能够快速获得专门用于满足这些合规要求的保险，使他们能够灵活地聘请首选的证券顾问。在评估了平均调查和披露情况后，我们很高兴在风险敞口相应的次级限额下提供额外的保护。”
AXA XL's cyber insurance team is dedicated to helping clients understand and minimize their cyber risks through comprehensive insurance coverage and risk management services. With a focus on proactive risk assessment and responsive claims handling, AXA XL's cyber insurance team aims to support clients in navigating the complexities of the evolving cyber risk landscape. Their collaborative approach and commitment to innovation make them a trusted partner for businesses seeking robust cyber insurance protection.
AXA XL的网络保险团队致力于通过全面的保险承保和风险管理服务帮助客户了解并最大限度地降低其网络风险。AXA XL的网络保险团队专注于主动风险评估和响应式索赔处理，旨在支持客户应对不断变化的网络风险格局的复杂性。他们的协作方法和对创新的承诺使他们成为寻求强大网络保险保护的企业值得信赖的合作伙伴。
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SOURCE AXA XL
来源 AXA XL