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BIZLock Now Part of Idealliance Discount Program, Offers Members Savings on Cybercrime Solutions

Tuesday, November 01, 2016

Press release from the issuing company

BIZLock® Cybercrime Protection, Insurance and Incident Response On-Demand™  

Now Available Online at Affordable Rates for Small Graphic Communications Companies 
Alexandria, Va. - Idealliance, the communications industry association representing all facets of the global omnichannel media value chain, is pleased to announce that the BIZLock® program, administered by Identity Fraud, Inc. (IFI), is now part of the Idealliance Member Advantage Program. Members are now able to obtain the BIZLock cybercrime protection and cyber liability insurance program at a special discount off its regular rates.
“Cyber security is a major issue for companies in our industry, especially those handling highly sensitive customer data,” says Dean D’Ambrosi, Idealliance Vice President, Sales. “With BIZLock as part of our Member Advantage Program, Idealliance can now make available to our smaller company members discounted cyber security insurance that provides up to $1 million in liability coverage at less than $1,000 a year—and, importantly, BIZLock includes access to experts within its Incident Response On-Demand services. And, as an extra bonus, it automatically covers all full time employees with individual employee identity fraud protection as part of its comprehensive services.

“As we wrap up National Cyber Security Awareness Month today, and as we head into the active holiday season, which is usually impacted by high levels of fraud, it is a perfect time to take advantage of this new member discount program offer,” says D’Ambrosi.

“We are excited to become part of the Idealliance Member Advantage Program,” says Thomas A. Widman, President and Chief Executive Officer of IFI, who helped pioneer identity and data theft insurance and risk management products nearly 20 years ago. “We know how important it is for graphic communications companies to ensure the security of their digital files and believe that our program will enable even the smallest shop to better protect its operations and feel more secure knowing it cannot only respond to cyber threats quickly and effectively, but also pay for the associated expenses and liabilities.”
According to the 2016 Global Asset Management and Administration Survey, cybercrime is being viewed as the “greatest business disruptor” over the next five years. Recent studies cited by IFI show that one in five small businesses has experienced a data breach, roughly 60% of small businesses close within six months of a cybercrime, and the average cost for a privacy breach is roughly $200 per compromised record. Loss of sensitive data and theft of client trade secrets often results from something as simple as clicking on a bad link in an email, a burglary, or losing a company laptop or smart phone. Third party liabilities, government fines and penalties, breach investigation and notification costs —a requirement in 47 states, and cyber extortion are just a few of the business exposures related to cybercrime.

BIZLock provides comprehensive and affordable protection that helps companies prevent, protect, and respond to cyber attacks against their businesses, their employees, and their customers. It provides organizations with the expert assistance and financial relief needed to confront a data breach or business identity theft head-on with a range of consultancy services before, during, and after a data breach incident, as well as financial assistance when a breach occurs. 
BIZLock services are offered online, instantly to qualifying companies with less than $10 million in annual revenue. Program features include business identity fraud insurance, business identity cyber monitoring, cyber liability insurance up to a $1 million limit (as insured by member companies of American International Group and covering third party lawsuits, regulatory fines, Payment Card Industry fines, breach response investigations, notifications, consumer remedies and extortion), Incident Response On-Demand, victim resolution programs, education and more. 

Costs for the programs start as low as $399 per year and vary according to a company’s revenue size, coverage limit and program selection, and additional Idealliance member discounts are available. For more information on Idealliance discounts, contact Idealliance Membership Coordinator Tyler Keeney at tkeeney@idealliance.org or (703) 837-1075. For Members having more than $10 million in revenue, please contact IFI’s broker representative and Idealliance member Ron D'Alessandro of Edwards & Company at rda@edwardsandco.net or (631) 472-8482. 

“BIZLock is the latest example of how we regularly enhance our Member Advantage Program to provide Idealliance members with money-saving access to important business services and products,” says D’Ambrosi. “Since cybercrimes are a real concern and potentially devastating business issue, we’re very pleased to offer the BIZLock protection to our members. We welcome our members’ suggestions on companies, products, or services they would like to see as part of our discount program.” 

The Idealliance Member Advantage Program offers association members discounts on a wide variety of products and services from more than two dozen leading vendors, suppliers, and service providers. These discount affinity programs with highly respected industry suppliers help members realize significant savings on a broad spectrum of business products and services, ranging from insurance to office supplies, shipping to safety training materials. For more information on the program, go to http://my.idealliance.org/membership/member-advantage-discount-program/.


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