As the number of cyber-security incidents increase each year so does the opportunity to provide an insurance solution to respond to the devastating consequences of such events. Although cyber risk insurance has been available for some time, the coverage, limits, risks and rates associated with these policies represent a new challenge to the insurance Carriers, Agents/Brokers and Pools & Risk Retention Groups. With limited actuarial data available, insurance service providers need security breach facts and threat trend analytics in order to better understand the exposures facing their current and potential policy holders and members. In addition, small and medium sized businesses represent added risk because while they are increasingly being targeted by criminals they typically do not have the security resources on staff to assure data protection.
Risk Based Security’s Solutions
Risk Based Security offers a number of solutions designed to address the special needs of cyber liability insurance service providers as described below.
Benefits of Risk Based Security’s Approach
|Cyber Risk Analytics offers access to a data breach database containing industry specific details on threat vectors and vulnerabilities. The database is easily accessible through analytical tools and dashboards designed to support risk analysis and to identify security risks by industry, giving organizations the power to identify the true risks to their most valuable assets.|
|Security Intelligence Reports offers organizations a quarterly report that highlights the global trends in information security incidents along with lessons learned and recommendations. A subscription to Security Intelligence Reports provides organizations with a glimpse into the most current information security breaches and the potential impact on their operation.|
|YOURCISO is aimed at helping organizations that do not have security resources on staff by providing access to security intelligence and the right expertise on an as needed basis delivered through a SaaS model. All services are fulfilled by an experienced security professional with the objective to assist organizations with the planning and management of their information security and risk management programs.|
|Cyber Compare is our proprietary cyber insurance policy comparison tool which gives insurance professionals a quick and easy way to compare key policy coverage parts, relevant exclusions and other conditions. In addition, Cyber Compare offers a unique policy scoring feature, providing insight into the overall value of the policy. Once a policy is scored, agents & brokers can identify the best markets based on their clients’ needs and insurance carriers can see how their policy fits into the marketplace.|
|Risk assessment is the foundation for building a comprehensive Information Security Program that adequately protects the confidentiality, integrity and availability of an organization’s information assets. Risk Based Security employs a standard assessment methodology and approach based on the guidelines in ISO/IEC 27001:2005, ISO 31000:2009 and NIST SP 800-30 to ensure a consistent and high value result.|
|Documented security policies are the very foundation of an organization’s security program. Employees need to understand management’s expectations in regards to information security in order to have any chance of doing the right things. Risk Based Security’s “Policy Toolkits” provide easy to customize policy documents appropriate for the small business looking for the bare minimum policies and procedures to the mature organization seeking certification to ISO/IEC 27001:2005.|
|One of the best ways to reduce the risk to an organization’s information assets is to institute company-wide security-awareness training. Our training initiatives include links to security awareness website(s) and security awareness, risk assessment and ISO/IEC 27001 presentations.|
|The overall objective of a Vulnerability Assessment is to scan, investigate, analyze and report on the level of risk associated with any vulnerabilities discovered on public, internet-facing devices and to provide your organization with appropriate mitigation strategies. The Risk Based Security Vulnerability Assessment methodology has been designed to comprehensively identify, classify and analyze known vulnerabilities in order to recommend the right mitigation actions.|
|Everything we do is focused on helping organizations avoid a security incident. However, in today’s environment every organization needs to be prepared for dealing with a data breach. Each client organization will have access to incident response planning documents as well as a security advisor for a 30 minute consultation in case of a breach.|
|Risk Based Security provides customized training, security assessments, security program audits and gap analysis as well as pre-certification consulting services to both protect organizations with best practice security controls and to prepare them for a smooth ISO/IEC 27001:2005 certification audit.|
Call 855-RBS-RISK or eMail: email@example.com to choose the solutions right for you. Customized Packages are also available.