CyberCube News

The faulty CrowdStrike Falcon Sensor update and subsequent outage – the CrowdOut Event – underscore the potential for Single Point of Failure (SPoF) technology outages to impact the global digital economy. CyberCube is advising clients on how to use SPoF Intelligence to identify exposed insureds and estimate the exposure footprint of the event. SPoF Intelligence is the definitive source for analysing a portfolio's digital supply chain, integrated with the industr...

Commvault®, a major provider of cyber resilience and data protection solutions for hybrid cloud organisations, has announced the appointment of Darren Thomson as its new Field Chief Technology Officer, EMEA & India (EMEAI). This appointment adds to the company’s expert team of Field CTOs, which builds on Commvault’s new cyber resilience offerings, shaping a new era of data protection and delivering industry-renowned threat detection and rapid recovery capabilities. Extens...

Nation-state cyber threat actors are expected to acquire and flex new offensive cyber capabilities in an increasingly polarised world, warns pioneering cyber risk analytics specialist CyberCube. In a new report published, CyberCube anticipates there will be further attempts to compromise IT supply chains and geopolitical targets such as government agencies and non-government organisations​. Chinese threat actors are expected to engage in zero-day exploitation and disclosure and a heightened lev...

U.S. specialist insurance brokerage and risk management firm, Risk Strategies is to roll out CyberCube's Broking Manager, the cyber risks analytics platform for insurance intermediaries. In addition, Risk Strategies will also be using Application Programming Interface (API) components from CyberCube's solutions for analytics. Founded in 1997, Risk Strategies is a globally renowned specialty insurance broker and risk management consultancy. The firm has over 25 specialty practices, more than 2,5...

CyberCube announces a partnership with NFP, an insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, to provide its broking manager product to NFP professionals worldwide. Broking manager will support NFP’s cyber business growth with tools that quantify and explain the sources and financial impact of cyber risk exposure to clients. Relevant cyber events The platform also produces reports that can be used...

TechAssure, the global network for insurance brokers specialising in technology risks, is partnering with CyberCube to roll out its Broking Manager product to the network’s members worldwide. Formed in 2000, TechAssure is a not-for-profit association headquartered in Davidson, North Carolina. TechAssure’s network consists of 30 retail brokerages servicing over 5,000 technology and life science clients globally. Software service application Broking Manager is the first software-as-...

St Louis-headquartered insurance brokerage Crane Agency is to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. Crane Agency is a US top 100 retail insurance broker, the oldest west of the Mississippi. Established in 1885, the business is licensed in 50 states and has four other offices in Missouri with over 250 staff. Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broki...

Understanding and predicting human behaviour is one of the biggest challenges facing modelers of both pandemics and cyber risk, a new report from CyberCube concludes. According to the report, which sets out to understand the lessons both pandemic and cyber modelers could learn from each other, the potential for political decisions and the public’s response to affect the duration and severity of both types of events is critical to successful modeling. Partnership The report, which includ...

A workshop hosted by cyber risk analytics specialist CyberCube and global independent think-tank the Carnegie Endowment for International Peace (CEIP) examined how a severe cyber event involving cascading impacts from cloud infrastructure could result in business interruption and data loss across many different sectors. The conclusion was that such a multidimensional risk would require a multi-dimensional response. Some of the organisations that participated in the discussion are listed at the...

Lockton, the globally renowned independent broker and cyber security solutions firm, is rolling out CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. Established in 1966, Lockton has over 60,000 clients globally and is the world’s eighth-largest insurance brokerage. The business has over 100 offices in over 125 countries. CyberCube has designed and tailored Broking Manager specifically to the needs of the insurance broking community. It of...

CyberCube, a cyber analytics provider, has completed its Service Organisation Control 2 Type II (SOC 2® Type II) audit report. The report is based on an examination of CyberCube’s internal controls and procedures. CyberCube is committed to exceeding critical compliance standards for its customers. A SOC 2 Type II report assures its clients that the company meets the suitability of design and operating effectiveness of applicable controls. Information security policies SOC 2 Type II...

The potential for a hacked tweet from a senior business figure’s account to move a company’s share price was highlighted on Wednesday after a dozen high-profile celebrities had their Twitter accounts hijacked. Darren Thomson, Head of Cyber Security Strategy for cyber analytics leader CyberCube, said that a sophisticated social engineering attack had been used by the criminals to gain access to Twitter’s own systems. According to Thomson, the outcome of the attack was not as s...

While cybersecurity may not seem the most urgent priority for entrepreneurs and their start-up business ventures, increasing the emphasis placed on cybersecurity reaps rewards as the business matures. This is the key message from cyber risk analytics expert CyberCube in its contribution to a new World Economic Forum report published. The report Incentivising Responsible and Secure Innovation: A Framework for Investors and Entrepreneurs focuses on incentivising secure and responsible innovation...

US-based Insurance brokerage Woodruff Sawyer has partnered with CyberCube to become one of the first organisations to leverage CyberCube’s “Broking Manager” in its insurance advisory services. Woodruff Sawyer, a 100-year-old insurance broker headquartered in San Francisco, advises clients on business risks and risk mitigation in the areas of cyber liability, management liability, property and casualty and employee benefits. Broking Manager is the first software-as-a-service a...

Cyber risk analytics specialist CyberCube launches ‘Broking Manager’ – a new software-as-a-service application designed specifically for insurance brokers. ‘Broking Manager’ facilitates quick and efficient client insight for both generalist and cyber specialist brokers. The product is built to help brokers quantify, understand, and explain to their clients, the sources and financial impact of cyber risk exposure. Perimeter scan data This development recognises th...

C-suite executives will increasingly be targeted by cyber criminals looking for ways of extorting money from large corporations. According to a new report from cyber analytics provider CyberCube, organised criminals and hackers are moving away from ‘high volume, low-value’ methods of attack to, instead, carefully selecting senior managers who have access to organisations’ bank accounts and are in a position to authorise payments. Maximum degree of compliance Criminals are al...

A lack of historical data and the rapidly evolving nature of cyber threats mean that cyber risk modellers need to be selective in the lessons they learn from natural catastrophe models. According to a new report from market-renowned cyber analytics provider firm, CyberCube, the evolution of natural catastrophe modelling since Hurricane Andrew in 1992 can act as a template for cyber modellers, but only up to a point. Beyond that, cyber modellers need to develop their own solutions. ‘Drawi...

In a world increasingly exposed to technology-based cyber security threats, the global insurance industry is well-positioned to play a greater role in rewarding those organisations that take cyber security seriously and have standard solutions in place to counter them. This is the call from globally renowned cyber analytics company, CyberCube in a report timed for release to coincide with the World Economic Forum annual meeting in Davos, where its chief executive is participating. Cyber securit...