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ACEC News / Business Management

September 15, 2020

ACEC BIT Offers Cyber Insurance to ACEC Member Firms

The ACEC Business Insurance Trust (BIT), Greyling Insurance Brokerage, and Coalition, an insurance and cyber risk management firm, have partnered to provide cyber risk solutions to ACEC member firms.

“The need for cyber insurance and best practices to mitigate cyber-attacks have never been more important for ACEC member firms than today”, said Jeff Connelly, SVP at Greyling and the program manager for the ACEC BIT Program.

Because they often process sensitive data from their work with government agencies, academic institutions, and private organizations, engineering firms can be a rich target for cybercriminals. According to the 2019 Cost of Data Breach Study by IBM Security and the Ponemon Institute, data breaches can cost businesses upwards of $4 million to recover.

Click here for more information.


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