CyberCube and Kroll launch cyber incident response service
CyberCube, a cyber risk analytics provider, has launched a new cyber incident response service in partnership with Kroll, a provider of data, technology and insights related to risk, governance and growth.
The service, which is named the Cyber Aggregation Event Response Service (CAERS), will provide clients with information and guidance on major cyber aggregation events. Kroll will provide frontline threat intelligence generated from the thousands of incident response cases it handles every year.
Benedetto Demonte, Chief Operating Officer for Kroll’s Cyber Risk practice, said: “We’re pleased to be contributing to CAERS because effective incident response depends on the most current and relevant threat intelligence available. In our most recent Threat Landscape Report, we saw a 356% growth in the number of attacks quarter-on-quarter where the infection vector was a zero-day or freshly-announced software exploit. Ransomware groups have also been found to be leveraging newly announced vulnerabilities just days after release. It is only with access to frontline intelligence that firms can prioritise resources, mitigate the risk of a cyberattack and react appropriately if the worst happens.”
Providing a growing client base with improved cyber incident response
Established in 2015 within Symantec, Cybercube now operates as a standalone company exclusively focused on the insurance industry. The company delivers analytics to quantify cyber risk for the insurance industry.
The company’s cloud-based platform helps insurance organisations make decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of points of technology failure.
Darren Thomson, CyberCube’s Head of Cyber Intelligence Services, said: “With cyber events becoming increasingly common, the speed and accuracy with which organisations respond to them is critical. That’s why we’ve launched this response service, specifically tailored to CyberCube’s growing client base. The pressure on our clients during a major cyberattack can be extreme. With CAERS, our team—comprising data scientists, actuaries, engineers, economists and cyber security experts—will become an extension of our clients’ teams, providing the updates they need and sharing both our expertise and data.”
CyberCube’s products, including Portfolio Manager, Broking Manager and Account Manager, are designed for insurance intermediaries and risk carriers. Following a major cyber event, the CAERS team will update CyberCube’s clients with the latest information while CyberCube’s SaaS products, including Broker Manager, Account Manager and Portfolio Manager, will assist with a response to any unfolding cyber catastrophe.
