PURE Launches Cyber Program for High-Net Worth Segment

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer of high net worth individuals and families, has partnered with security firm Concentric Advisors to offer CyberSafe Solutions. The program is designed to help individuals better assess, prevent, detect and respond to cyber threats.

As part of the new offering, PURE will provide:

• Cyber Knowledge Center on PURE’s Situation Room website. The online resource will provide information about cyber threats, mitigation strategies, a self-assessment tool, and a white paper.
• CyberSafe “Fundamentals Check,” a 10-point cyber-risk assessment conducted by a PURE Risk Manager in a member’s home during a PURE360 Risk Management Consultation.
• Cyber Security Advice Line led by cyber-risk specialists and available for free to PURE members.
• Coverage available in PURE’s High Value Homeowners Policy. In the event of a covered loss, members will benefit from coverage for unauthorized use of credit cards, money in a financial institution and electronic fund transfers resulting from cyber-attacks. Further, PURE’s liability coverage is designed to respond to claims resulting from covered cyber-related injuries (or allegations thereof) such as a hacker using a member’s social profile to commit libel or slander, or the child of a covered member accused of cyber bullying.

For PURE members seeking an even higher level of cybersecurity protection, Concentric’s cybersecurity consultants will recommend and offer preferred pricing on specialized services relevant to their specific needs, including:

• Home Cyber Security Audit – an assessment of the home IT network and examination of all components affecting information security.
• Social Engineering Assessment – an assessment that identifies and analyzes references to the member across open information sources such as social networks, media, and blogs to discover vulnerabilities and recommend practical mitigation actions.
• Home CyberShield – Concentric’s proprietary managed firewall service and comprehensive cyber intrusion detection system with continuous monitoring and adaptive security.

Privilege Underwriters Reciprocal Exchange (PURE) is a policyholder-owned insurer for high net worth individuals and families. PURE provides coverage throughout the U.S. for high-value homes, automobiles, jewelry, art, personal liability, watercraft and flood.

Concentric Advisors specializes in sophisticated cyber, physical, and personal security for private individuals.