prnewswire | October 18, 2020
CyCraft Japan announces Mitsubishi Research Institute, Inc. (MRI) and MRI Group's INES (Information Network Engineering & Solutions) Inc. as authorized distributors of the CyCraft AIR Platform security solutions suite. Japan is pushing to raise its cyber resilience in an effort to rapidly raise the resilience of Japanese enterprises in the coming year. CyCraft AIR uniquely provides the AI-driven technology, intuitive UI, and actionable intelligence required to provide large-scale Japanese enterprises with comprehensive endpoint and network security from beginning to end.
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DATA SECURITY
CyberCube | March 01, 2022
CyberCube, a leading provider of software as a service (SaaS) insurance core systems, said today that it has teamed with Duck Creek Technologies (Nasdaq: DCT) to streamline the underwriting of cyber insurance policies.
CyberCube's Risk Scoring Analytics application programming interface (API) will be integrated into Duck Creek Policy, the award-winning underwriting platform, as part of the agreement. This means that CyberCube will automatically scan and score hazards entered into Duck Creek Policy. As a result, the product streamlines the underwriting process, increases efficiency, and improves the capacity to uncover cyber vulnerabilities by automating the flagging and referring of risks that require assessment.
Head of Client Account Management and Technology Services of CyberCube, Ross Wirth, said: “This new partnership with Duck Creek will bring tangible benefits to the users of Duck Creek’s policy underwriting platform. Prior to the integration, underwriters were making decisions without access to key cyber metrics. They may have missed key flags and would have had to rely solely on external research during the underwriting process. Now, that’s changing. CyberCube’s risk scoring API will act as an early indicator to assist in the underwriting process. Ultimately, underwriters will gain a more complete view of a client’s cyber exposures and vulnerabilities early in the underwriting process so that they can respond accordingly.”
CyberCube is a global leader in cyber risk analytics for the insurance business. Insurers, reinsurers, and brokers use CyberCube's solutions to better understand their cyber risk exposure and assess clients for underwriting purposes. Risk carriers can also use CyberCube's technologies to test their risk portfolios against simulated systemic cyber catastrophes.
In an era of rapid, customer-centric innovation and expansion, Duck Creek Policy enables P&C carriers to create insurance products at scale. With automation and workflow management tools, an integrated development environment for insurance products, and pre-built content, the Policy product supports the entire insurance policy lifecycle process. As a result, carriers can get to market faster, increase operational efficiencies, and improve customer happiness by using low-code tools offered via a software-as-a-service (SaaS) paradigm.
“Data-enhanced underwriting is a modern risk-selection requirement to effectively and appropriately analyze cybersecurity risks, With CyberCube, we are bringing better business and underwriting intelligence into Duck Creek Policy, ensuring carriers who underwrite cyber risk have a centralized source of actionable data.”
Robert Fletcher, Head of Global Solution Partnerships of Duck Creek Technologies
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DATA SECURITY
Deloitte | June 21, 2021
Deloitte has announced its acquisition of assets of Terbium Labs, a Baltimore-based digital risk protection company. Terbium Labs helps organizations detect and remediate data theft, exposure, or misuse across the digital landscape. All services and solutions of Terbium Labs will join the cyber practice of Deloitte in its Detect & Respond operation services. These services by Terbium Labs include a platform for digital risk protection for leveraging artificial intelligence and patented data fingerprinting technologies and machine learning for identifying illicit use of sensitive online data.
Including Terbium Labs, in 2021, it is the third cyber acquisition of Deloitte. It has previously acquired Root9B, LLC (R9B), a cyber-threat hunting provider, and CloudQuest, a cloud security posture management provider. Deloitte demonstrates its commitment to aiding global clients in managing all the cyber threats in running the businesses smoothly in all digital platforms through these acquisitions.
According to Deloitte & Touche LLP’s Deloitte Risk & Financial Advisory's infrastructure solution leader and principal, Kieran Norton, finding complex or exclusive data once it leaves an establishment's limit can be exceptionally challenging. Advanced online threat intelligence, paired with remediation of data risk disclosure, needs a balance of progressive technology, a keen understanding of monitoring compliance, and acceptable alteration with an establishment's commercial needs and risk outline.
Adding to it, Deborah Golden, Deloitte & Touche LLP’s Deloitte Financial and Risk Advisory Cyber and Strategic Risk leader and the principal said that their industry-leading cyber practice is dedicated to providing our customers with novel and ground-breaking ways to alter their cyber risk postures as they endeavor to reinforce their conviction equity, flexibility, and safety.
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