{"id":531534,"date":"2021-08-25T20:51:05","date_gmt":"2021-08-26T00:51:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-chairman-and-ceo-issues-statement-on-white-house-cybersecurity-meeting\/"},"modified":"2021-08-25T20:51:05","modified_gmt":"2021-08-26T00:51:05","slug":"travelers-chairman-and-ceo-issues-statement-on-white-house-cybersecurity-meeting","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-chairman-and-ceo-issues-statement-on-white-house-cybersecurity-meeting\/","title":{"rendered":"Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting"},"content":{"rendered":"

<\/p>\n

Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nAlan Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. (NYSE: TRV<\/a>), today attended a meeting with President Biden and members of his Cabinet and national security team, as well as private sector and education leaders, to discuss potential ways to improve the nation\u2019s cybersecurity. Travelers is a leading provider of cyber insurance.\n<\/p>\n

\nFollowing the meeting, Schnitzer said:\n<\/p>\n

\u201cCybersecurity is one of the most pressing issues of our time, and we applaud President Biden for bringing experts and industry leaders together to address this growing threat. We are proud to join this critical discussion alongside our partners in government, technology, financial services and education, among others<\/i>.\n<\/p>\n

\u201cAccording to the Travelers Risk Index, which surveys U.S. business leaders, cyber risk is the number one concern across companies of all sizes. At Travelers, we see firsthand the devastating effects that a breach can have on a business, and we understand that even small changes can have a big impact on data security. For instance, research suggests that implementing affordable mitigation controls, such as multifactor authentication, could prevent the vast majority of ransomware attacks. Adopting best practices for cyber hygiene will make our businesses \u2013 and our country \u2013 safer.<\/i><\/p>\n

\u201cAt the White House, I highlighted the critical role that the insurance industry plays in strengthening America\u2019s cybersecurity.Insurers help organizations manage cyber risk efficiently and effectively, including by conducting cyber risk assessments, advising on hardening cyber defenses and providing ongoing monitoring of cyber vulnerability. After a breach has occurred, insurers provide technical expertise and financial support to facilitate recovery. Working together, the industry can also identify and share trends in the cyber risk environment and promote the adoption of cybersecurity best practices. <\/i><\/p>\n

\u201cI also announced Travelers\u2019 participation in the National Institute of Standards and Technology\u2019s initiative to develop a new framework for public and private entities to improve the security and integrity of the technology supply chain. It\u2019s an important step in enhancing the nation\u2019s overall cybersecurity. <\/i><\/p>\n

\u201cUltimately, the victims of cybercrime are people \u2013 employees, customers and owners of businesses small and large, in every corner of the nation. Protecting their interests must be a priority, and I look forward to continuing to partner with the Administration and my colleagues who gathered today to do just that. From preparation and prevention to mitigation and recovery, Travelers is committed to helping individuals and businesses safely navigate the rapidly evolving cyber landscape.\u201d<\/i><\/p>\n

About Travelers<\/b><\/p>\n

\nThe Travelers Companies, Inc. (NYSE: TRV<\/a>) is a leading provider of property casualty insurance for auto<\/a>, home<\/a> and business<\/a>. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately $32 billion in 2020. For more information, visit Travelers.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210825005864\/en\/<\/a><\/span><\/p>\n

\nPatrick Linehan, 917.778.6267\n<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Professional Services Insurance Security<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting NEW YORK–(BUSINESS WIRE)– Alan Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. (NYSE: TRV), today attended a meeting with President Biden and members of his Cabinet and national security team, as well as private sector and education leaders, to discuss potential ways to improve the nation\u2019s cybersecurity. Travelers is a leading provider of cyber insurance. Following the meeting, Schnitzer said: \u201cCybersecurity is one of the most pressing issues of our time, and we applaud President Biden for bringing experts and industry leaders together to address this growing threat. We are proud to join this critical discussion alongside our partners in government, technology, financial services and education, … <\/p>\n

Continue reading “Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-531534","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTravelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/travelers-chairman-and-ceo-issues-statement-on-white-house-cybersecurity-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Travelers Chairman and CEO Issues Statement on White House Cybersecurity Meeting NEW YORK–(BUSINESS WIRE)– Alan Schnitzer, Chairman and Chief Executive Officer of The Travelers Companies, Inc. (NYSE: TRV), today attended a meeting with President Biden and members of his Cabinet and national security team, as well as private sector and education leaders, to discuss potential ways to improve the nation\u2019s cybersecurity. Travelers is a leading provider of cyber insurance. Following the meeting, Schnitzer said: \u201cCybersecurity is one of the most pressing issues of our time, and we applaud President Biden for bringing experts and industry leaders together to address this growing threat. 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