Aviva expands partnership with CyberCube
Aviva announced a partnership with cyber risk analytics company CyberCube to map the behavior of cyber threat actors and the technologies they most frequently target.
Utilizing CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, Aviva has gained “deep insights” into how these threat actors operate and the tactics they use to execute attacks. With these insights, Aviva can pinpoint companies in its commercial portfolio that are most vulnerable to specific cyber threat actors, bringing a new level of precision and innovation to exposure management.
Aviva is the first insurer to integrate ‘Portfolio Threat Actor Intelligence’ into its exposure management strategy on a recurring basis. The insurer will utilize Portfolio Threat Actor Intelligence on a quarterly basis, as part of creating a differentiated and more nuanced approach to portfolio risk management.
“As cyber-attacks continue to rise, including the targeting of high-profile organizations, it’s crucial that businesses are properly protected. Over the past year, Aviva has rigorously tested Portfolio Threat Actor Intelligence against several ransomware groups. These threat actors were selected based on their relevance to Aviva’s commercial portfolio – specifically their targeting preferences – and our ability to confidently map tactics, techniques, and procedures across the cyber kill chain. By incorporating this unique blend of cyber analytics and threat intelligence into current underwriting and exposure management processes, (re)insurers can gain deeper insights into their portfolios, enabling them to better manage cyber risk for both themselves and their customers. Customers identified as higher risk can then receive more tailored advice from (re)insurers. For instance, assisting customers with the selection of appropriate cybersecurity tabletop exercises that are specifically linked to the tactics of the higher-risk threat actors.” – James Mitchell, Senior Cyber Pricing and Exposure Manager, Aviva.
“Portfolio Threat Actor Intelligence is an innovative solution that takes the management of cyber insurance portfolio risk to the next level. Through this capability, CyberCube supports Aviva’s Exposure Management team in identifying companies within its portfolio that display firmographic traits, technology dependencies, and security gaps likely to attract specific cyber threat actors.” – William Altman, Head of Cyber Threat Intelligence Services, CyberCube.
Bottom line: This is not a new partnership.
