Barbican Insurance Group announced the launch of a product partnership with two cyber risk management specialists to help insureds assess and improve their cyber resilience.
Called Barbican Cyber “One-Step-Ahead” (OSA), the product encompasses three critical areas of cyber resilience: cyber reconnaissance, cyber phishing defence and cyber intrusion response, said Barbican, noting that these resilience tools are provided as “value adds” for the its cyber insureds at no additional cost.
With OSA, cyber insureds can access the FICO Enterprise Security Score (ESS) Portrait software, which helps them identify externally visible weak spots and red flag indicators that could attract system intruders. It also provides “clear actionable insights on how to improve their cyber posture,” explained London-based Barbican.
Phishing simulation training is provided by TSC Advantage, a specialist in enterprise risk and cybersecurity. The training involves controlled phishing and spear-phishing attacks to assess current levels of phishing awareness among staff, with detailed recommendations provided on improving attack resilience.
Barbican Cyber OSA’s intrusion response component, also delivered by TSC Advantage, combines table-top incident response exercises and in-depth documentation reviews to generate a detailed evaluation report and guidance on how to improve response capabilities in the event of an incident.
“The cyber threat is growing exponentially, spurred on by ever-increasing connectivity and constantly evolving attack strategies,” commented Graeme King, business group leader for cyber at Barbican, which underwrites business predominantly through syndicates at Lloyd’s.
“To stay in control, you need to get ahead of the cyber attacker – and that is exactly where we believe Barbican Cyber ‘One Step Ahead’ places our insureds,” he added. “It brings together leaders in the cyber resilience arena to help our insureds bolster what we see as some of the most critical aspects of their cyber security strategy.”
Source: Barbican Insurance Group
Topics Cyber New Markets
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