Oct. 18, 2016 12:03 UTC
Combined Offering a Cost Effective Approach to Reducing Cyber Risk
ADDISON, Texas & HOUSTON--(BUSINESS WIRE)--
N-Dimension Solutions, a market leading Managed Security Service
Provider (MSSP) for utilities, and Wortham Power Gen Insurance, a
leading power utility insurance broker, announced today they have teamed
together to offer customers a unique, cost effective solution that helps
reduce the risk and financial burden associated with cyber breaches. A
combination of round-the-clock cyber threat monitoring and power utility
specific cyber liability insurance enables customers to quickly detect
and shut down threats as well as be protected from the potential heavy
financial burden of a cyber incident.
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As power utilities have increasingly modernized operations adding new
intelligent devices and systems monitored by communication networks, the
risk of a successful cyber attack has substantially increased. Utility
operations could be compromised, infrastructure equipment damaged,
reliable power delivery disrupted and confidential customer and utility
data exposed. Cyber attacks against utilities of all sizes are
increasing in frequency, volume and sophistication. A multi-faceted
approach that combines both proactive and reactive cyber protection is
essential such as the combined offering by N-Dimension and Wortham Power
Gen Insurance.
N-Dimension’s N-Sentinel Monitoring is a proactive measure that combines
continuous cyber threat vigilance with timely detection and alerts to
anomalous network activity. It includes in-depth intelligence about an
attack along with expert guidance on remediation. It is proven that by
reducing the time to detect and purge threats, risk of damages making
threat monitoring a critical element of a comprehensive cybersecurity
program.
Wortham Power Gen Insurance’s program protects the utility after an
attack. Its broad protection covers liability from a data breach of
confidential customer data; expenses associated with a breach; costs
associated with regulatory fines and penalties; costs associated with
data recovery and cyber extortion; and emergency access to professional
services to assist with data breach crisis management.
“We have experienced steady growth in demand for our N-Sentinel
Monitoring service as a result of the increased cyber threat activity,”
said Tom Ayers, CEO, N-Dimension. “Bringing to market this combined
offering of proactive and reactive threat protection with Wortham Power
Gen Insurance provides utilities with improved protection and piece of
mind.”
“Utilities are at risk on multiple fronts if a cyber attack is
successful,” said George Adkins, Managing Director & Power Generation
Practice Leader, Wortham Power Gen Insurance. “N-Sentinel Monitoring
reduces potential damage caused by a cyber attack which reduces the
potential financial exposure for the utility. This combined offering is
truly a powerful solution to cyber risk reduction for utilities.”
To learn more about the combined N-Dimension and Wortham Power Gen
Insurance offering for your utility, please contact Brad Luna,
N-Dimension Solutions (brad.luna@n-dimension.com)
or George Adkins, Wortham Power Gen Insurance (George.adkins@worthaminsurance.com).
Both companies are members of Hometown Connections, the utility services
subsidiary of the American Public Power Association.
About N-Dimension Solutions
N-Dimension is a market leading Managed Security Service Provider (MSSP)
with innovative solutions tailored to protect smart energy networks from
cyber attacks, improving system reliability and safeguarding critical
infrastructure, data and assets. The company’s N-Sentinel line of
services delivers vigilance, detecting and alerting on cyber threats. It
combines cloud-based security intelligence and cybersecurity experts to
deliver actionable guidance that enables utilities to take timely,
preemptive action to protect themselves against cyber threats and
vulnerabilities.
Company headquarters are in Richmond Hill, Ontario, Canada and U.S.
headquarters are located in Addison, Texas. N-Dimension is the exclusive
cybersecurity partner of Hometown Connections; and associate member of
the APPA, National Rural Electric Cooperative Association (NRECA) and
Electricity Distributors Association (EDA).
For more information about N-Sentinel and to request a free
demo, visit our website at www.n-dimension.com.
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About Wortham Power Gen Insurance
Since 1915, Wortham has managed its clients’ insurance needs with a
comprehensive portfolio of services, including insurance brokerage, risk
management and employee benefits consulting. As one of the largest
privately held insurance firms in the U.S., the Wortham team of more
than 500 insurance professionals has placed more than $1.4 billion in
premiums through 300+ insurance companies worldwide. Wortham experts
create the right insurance solutions for unique business requirements
and deliver strategic risk management services and resources critical to
business success. For more information, visit www.worthampowergen.com.
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