Breakthrough In Cyber Meteorology Resilience Strategy
The CISO’s job nowadays is required to analyse organizational responsibilities, project timetables and the management of everything that their company considers to be a “digital” danger. The increase of accountability ensures that CISOs in a sea of vendors become overwhelmed as they comment on the threats of their business. Cyber Meteorology, The only trend is the increasing threat climate and the extension of obligations as new threats expand and evolve in.
Cyber insurance companies encounter the same dilemma on a scale, because every client when assessing has a particular danger with different challenges and liabilities. When approached initially for development cyber insurance companies noticed that, first they had to provide a macro-level background around the micro-technical concept of each product.
Manage Risk through Intelligence
Cyber threats are widespread, recurrent and continually changing. Thanks to their nature and dynamism, these risks are not well known and have not been successfully mitigated by the corporate sector. Companies spend more each year on cyber security, and remain deeply vulnerable to the current variations of cyber-attacks.
Security protection is a logical alternative to moving at least some of these through security exposures. Timing is right. We are in the early stages of the cyber-industrial revolution. Autonomous mobility and the rapid expansion of the Internet of Things networks are on the near horizon, with quantum engineering just beyond. Equilibrating productivity vs. defence is built to become more nuanced and mission-critical than ever before. We’ve never come this way before. 200 years ago, a similar set of circumstances emerged as the industrial revolution accelerated.
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But cyber criminals continue to operate with near impunity, and it can be anticipated that they will continue to do so if nothing else improves. Digitalization is accelerating. Companies continue to shift further aspects of their activities to cloud-based services and increase their reliance on third-party providers and suppliers.
The broader dissemination of more pieces of business activities transforms into a variety of new attack vectors. And of course, opportunistic cyber criminals have not forgotten anything. The Verizon report, for example, reveals that fraud hackers utilize compromised passwords to hack on cloud based email servers in proportional amounts.
Cyber Risk Mitigation
This has been widely discussed for several years in insurance and cyber security circles. Most data sets and analytical tools used to do this are readily available. And some early attempts have been made to encourage companies to adopt more successful cyber-hygiene and also to put cyber-insurance sales to a firmer footing, but without much momentum.
Cyber meteorology facilitates better decisions by simpler, more data-driven perception of the risk profile of each client. When the actual risks are transparent to both sides, both stakeholders will agree better reporting.
Cyber Meteorology is Data Driven. First data-driven cyber insurance company realised to provide macro level context around the micro technical view of each company.
Cyber Meteorology – In a Nutshell
- Cyber Meteorology leverages automation to mature the understanding of new changes in threat trends.
- Cyber Meteorology employs analytics to make insured customer base safer, so insurance losses are less frequent and cheaper for both parties.
- Cyber meteorology serves as the basis to insure companies against cyber risks and help them prioritize their security efforts.
- Cyber meteorology combines a company’s internal and external security controls with global and industry level threat trends, to gain a full understanding of risks that matter most to a company’s bottom line such as:
- Threat environment data that includes indicators of high-level global, industry, and organization-specific threats.
- Exposure data that looks at the attack surface both inside and outside an organization.
- Controls data which considers external facing technical assets, as well as internal access policies.
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