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Cybeta is a proactive solution that emphasizes prevention – avoiding a cyber event with a negative outcome is our objective. But should a contingency occur, our exclusive partnership with world-class specialty brokerages means potential insureds are afforded opportunities for risk transfer relative to true risk and at a cost that makes sense. We are proud to offer our data-science driven Cybeta Overwatch as a feature benefit which can seamlessly integrate with existing prevention and detection capabilities throughout the duration of an insurance policy period and works to lower the likelihood of cyber risk scenarios, making you a more attractive risk for underwriters.
Current and historical methodologies for estimating the dollar impact of successful cyber-attacks or insurance limits are no longer relevant in wake of better information.
Traditional approaches used by insurance carriers have generally involved ‘back-of-the-envelope’ calculations and rough estimates based primarily on basic commercial inputs germane to that potential insured, like total company revenue or cost per-record in the event of a successful breach.
We are proud to offer retail brokers an innovative way to inform policy limit calculation and financial impact using weighting of smarter metrics that matter.
The proliferation of ransomware and other cyber threats has contributed greatly to the rise in insurance claims, resulting in underwriters having to revisit policies and dramatically shift how they might determine client risk, evaluate exposure, price coverage, and model losses.
With over 10 years’ experience working with global underwriting markets, we provide backers with innovative solutions focusing on enhanced risk assessment and portfolio-view benchmarking utilizing a signature low-touch approach that delivers predictive breach ratings, tech stack analysis, and preemptive remediation insights across books of risk. Our findings deliver immediate value, and can demonstrate evidence of vulnerable network infrastructure mapped to adversarial tradecraft, current and past exfiltration of sensitive data, and strategic insight on precursor trends and activity associated with future cyber events before an insurance claim would be triggered.
Leading surveys of enterprise risk managers make it clear that cyber insurance is no longer a luxury item, even amid unprecedented change in the world and an insurance market that has experienced historical hardening.
Risk managers are also connecting the dots between high-profile cyberattacks, business interruption, and reputational risk – and they’re correctly looking for coverage that protects their business relative to their threatscape and for the right premium.
We provide valuable cyber analytics and quantitative analysis that risk managers can use to lower their likelihood of experiencing a cyber risk scenario and partner with world-class specialty brokerage firms that can help find the right amount of insurance at the right price to recover quickly.