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AIG Expands Cyber Risk Management Offering with Leading Cybersecurity ExpertsWith cyber risk rapidly becoming a top-of-mind concern for senior executives and boards across industry segments, American International Group (NYSE: AIG) today announced key new partnerships with leading cybersecurity experts to expand the risk mitigation and prevention services it offers cyber insurance clients. The partnerships include: K2 Intelligence, BitSight Technologies, RSA (News - Alert), and Axio Global. Services from these partners complement AIG's market leading CyberEdge® risk management and insurance product, which helps clients manage the expanding threat of cybersecurity attacks and failures. Through these partnerships, AIG CyberEdge policyholders can access pre-breach threat intelligence, governance tools, and the latest best practices to help gain a holistic understanding of their cybersecurity exposure, including the responsiveness of their insurance program to a cyber attack. "The threat of cyber attack continues to grow. Companies are becoming more aware that the costs can be steep for those that fail to understand, mitigate, and transfer cybersecurity risk," said Tracie Grella, Global Head of Professional Liability, AIG. "Partnering with leading cybersecurity firms provides our clients with another layer of expertise and protection to help mitigate and manage this growing and evolving risk." AIG is making the following new services available to its CyberEdge clients:
AIG has been providing stand-alone cybersecurity insurance coverage since 1999 to help customers manage risks associated with data breaches by covering costs of forensic investigations, credit monitoring, reputation management, business interruption, and compliance with state breach notification laws. American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. Additional information about AIG can be found at www.aig.com | YouTube (News - Alert): www.youtube.com/aig | Twitter (News - Alert): @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds. All product and service names referenced are trademarks of their respective companies
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