Fidelity and Deposit Introduces Risk Management Service
February 15, 1999
The Fidelity and Deposit Companies (F&D) of Baltimore announced its new E-Risk Protection Program, a new risk management service designed to help financial service firms reduce risk related to online business activities.
The product combines insurance and other risk protection measures like self-insurance and securitization of risk by F&D, with consulting services provided by IBM and other service providers. E-Risk will seek to ensure that businesses are not vulnerable to potential losses from security breaches like network hacking, viruses and electronic theft.