Industries Served / Insurance
Cybersecurity for the claim and for the carrier.
Claims professionals and breach counsel call Veil for the technical side of a cyber claim. That means the breached data reviewed for PII or PHI, stolen funds traced through crypto, or discovery run when the claim litigates. Carriers also engage Veil for their own security and compliance programs. Veil performs the requested services and provides the information the claim file and counsel need.
What sets the cost of a cyber claim
What claims professionals and breach counsel run into once the forensic report is in.
The notification list
The notification list has to be right. Miss someone and a corrective notice goes out later. List the same person twice and the claim pays for two letters, two call-center calls, and two credit-monitoring enrollments. Veil works with breach counsel to set the review criteria, then combines the records that belong to the same person into one entry, so each person is notified once and the list can be examined if it is questioned.
The estimate that moves
Most data-review quotes are given before the vendor has looked at the files, and the price changes once the work is under way. Veil gives a ballpark quote from the facts you provide, then the price is locked once Veil has analyzed the full dataset, with no mid-project uplifts.
Funds that left through crypto
Business email compromise and funds-transfer fraud make up a large share of cyber claims, and whether the money can be found has a lot to do with what the claim ends up costing. When the funds went out through crypto or an exchange, Veil traces them on the blockchain and reports what can still be reached.
How Veil helps
Two ways carriers use Veil
On a cyber claim you are handling
Breach Data Review
Veil reviews the breached data to find whose PII or PHI was exposed. After working with breach counsel to set the review protocol, Veil’s U.S.-based reviewers analyze the data and deliver an accurate notification list in the format the notification vendor requires. Records for the same individual are combined into a single entry, so each person is counted once in the final population.
Explore Breach Data Review →Crypto Tracing
When the funds went out through crypto or an exchange, Veil traces them on the blockchain and reports where they went and whether they can be reached. Veil works with the claims professional and counsel to write the report for the question in front of them, whether that is coverage, fraud, or a referral to law enforcement. Each finding is marked as verified from the record or inferred from patterns.
Explore Crypto Tracing →eDiscovery
If the claim goes to litigation, Veil hosts and processes the data once counsel or the forensic provider delivers it. Veil works with counsel to set the relevance and privilege criteria and produces in the format the order requires, with the chain of custody carried forward.
Explore eDiscovery →On the carrier’s own program
Cybersecurity
Veil measures the carrier’s security against the standard it is held to, closes the gaps in Microsoft 365 and the systems around it, and writes the same policies and plans the carrier asks of its clients. The work can run in tandem with the compliance review, so the carrier comes out of it with a cybersecurity strategy in writing and the implementation under way to reduce its risk.
Explore Cybersecurity →Compliance
Carriers certify their security programs to state insurance regulators and have to show the work behind the signature. Veil measures the program against the insurance data security law the state has enacted, NYDFS Part 500 where it applies, and the privacy statutes that reach policyholder data. The review covers the written information security program, the risk assessment, oversight of the vendors that hold policyholder data, and the plan for reporting an incident to the regulator. Veil works with the carrier’s compliance team to close the gaps and assemble the evidence, so the certification is signed on facts the examiner can verify.
Explore Compliance →Veil works the claim with breach counsel and the carrier’s program with its compliance team.
Why carriers use Veil
20+ years of founder experience across military, federal, and regulated environments
A ballpark quote from the facts provided, then a locked price once Veil has analyzed the full dataset
Review performed in the United States by U.S.-based reviewers, with the data hosted here
Tell us whether it is a claim or your own program.
Whether an insured has been breached, funds need tracing, a claim is headed to litigation, or an examination is coming, share the type of matter and the date it runs against, and keep the details for the call. An experienced professional will normally respond within one business day.
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