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AllClear Announces the Launch of a Program to Counter CyberAttacks

By CIOReview | Thursday, March 31, 2016

AUSTIN, TX: AllClear ID, a leading provider of cybersecurity solutions in the Customer Security market, has announced the release of AllClear Reserved Response, a program meant to ensure swift customer response in the aftermath of a cyberattack. The solution pairs expert planning with a guaranteed response capacity and caters to established firms in the retail, healthcare, and financial sectors.

According to the findings of a study conducted by AllClear ID, the data breaches hitting the three million mark have an additional 43 percent probability of featuring as a trending story in the media, which eventually would bring down the stock prices by 6.4 percent on an average. “Cyberattacks are a very real part of doing business today and we've repeatedly seen the devastating impacts that poorly managed breach responses have on a company. CEOs get fired, customer loyalty and retention tank, and companies experience significant financial losses,” says Bo Holland, Founder and CEO of AllClear ID.

Incident response plans are foolproof measures that mitigate the response risks and restore the customer confidence in the event of a data breach. As reported in AllClear’s upcoming study, the commonly cited people-related challenges post a breach in an organization include internal politics and the unnecessary involvement of multiple departments. The Reserved Response Program negates the need for extra resources to mitigate the risks associated with cyberattacks. Organizations today are keen on adopting solutions that prepare them in advance to effectively manage after-breach scenarios with customer-facing breach response capabilities.

Planning is inadequate if an organization lacks the operational capacity to communicate effectively with their customers in the event of a breach. “It's the Titanic problem – the captain had an evacuation plan, but he was caught short on lifeboats,” says Holland. AllClear’s Reserved Response program is available in three versions — Bronze, Silver, and Gold¬ — that are designed to meet an organizations’ needs to safeguard their customer data and brand reputation.