Chubb Helps Companies Protect Confidential Data on Mobile Devices
WARREN, NJ, October 26, 2011 – In response to the proliferation of corporate smartphones and PDAs, the Chubb Group of Insurance Companies is helping its
customers manage the threat to intellectual property and other confidential information stored on such devices.
Chubb will now reimburse its cyber liability insurance customers, where permitted, as much as one-half the cost of AirPatrol
Corporation products; the reimbursement will be up to the lesser of $10,000 or 10% of the policy’s annual premium. AirPatrol
products can prevent mobile devices from copying, recording or transmitting intellectual property and sensitive data; provide
customized security settings to make them compliant with corporate security protocols based on location; or, in the event
of loss or theft, limit their functionality and/or wipe their data.
“Mobile devices are a growing security threat to a firm’s intellectual property and other valuable data,” said Tracey Vispoli,
senior vice president and worldwide cyber liability manager for Chubb. “Nearly two-thirds of small to medium size businesses
participating in a recent survey have lost devices such as laptops, smartphones or iPads in a 12-month period. Even more alarming
is that all the 2,152 companies surveyed have at least some devices that have no password protection and cannot be remotely
wiped of their data to protect their confidential business information.”
AirPatrol products complement Chubb’s suite of cyber loss prevention solutions, which includes eRisk Hub, an Internet site
that provides cyber risk management tools and information. More information on AirPatrol is available at www.airpatrolcorp.com/.
The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property
and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb’s
global network includes branches throughout North America, Europe, Latin America, Asia and Australia.