Risk Strategies launches new cyber risk management service offering

National specialty insurance brokerage Risk Strategies announced its Cyber Risk Management Platform (RMP)–a new cyber risk management service offering, that recommends “practical ways” to shore up cyber defenses. The new solution is powered in partnership with Trava Security , a cyber and compliance risk management company. This functionality will be available to Risk Strategies clients as a value-added service.

“Understanding cyber shortcomings is important, but it’s not enough. We offer intelligent infrastructure scanning that can detail the issues but can also deliver client-specific recommendations to effectively shore up cyber defenses and meet tough insurance underwriting standards, which allows us to obtain the broadest cyber liability coverage at the best possible rates.” – Allen Blount, National Cyber and Technology Product Leader.

The “innovative capabilities” of Risk Strategies Cyber RMP integrates assessment, mitigation and insurance into a single cyber risk management platform. It delivers a “unique range” of key capabilities that help clients understand, stay ahead of and insure against cyber risk, including:

• Automated vulnerability scans
• Risk assessment surveys
• Phishing simulations
• Remediation action plans
• Compliance readiness training
• Renewal reports

“We’re excited to partner with a specialty broker that has the scope and reputation of Risk Strategies. The new demands of cyber underwriting and the ongoing threats clients face require the leading-edge approach to simplified cyber risk management that our technology can provide brokers and clients.” – Ryan Dunn, Director of Insurance, Trava.