CFC improves cyber threat warmth map

Specialist insurance coverage supplier CFC has launched an up to date model of its cyber threat warmth map. The software now provides enhanced particulars on key exposures affecting a wide selection of {industry} sectors, from building and schooling to healthcare and logistics.

The cyber threat warmth map, accessible totally free, is constructed on intensive knowledge derived from hundreds of claims managed by CFC over the previous 25 years. It additionally incorporates traits noticed by the corporate’s in-house incident response staff. The software makes use of a simple, color-coded graph to rank the severity of publicity to enterprise interruption, privateness breaches, and cybercrime for various industries.

“There’s a standard misperception that cybercriminals are solely serious about attacking companies that maintain delicate knowledge, when in reality our expertise exhibits that criminals are industry-agnostic, attacking many who maintain no delicate knowledge in any respect,” famous Lindsey Nelson (pictured), cyber improvement chief at CFC.

“Cybercriminals are more and more focusing on conventional industries similar to transport and building to these offering skilled providers, whether or not by means of ransomware and extortion or enterprise e-mail compromise scams. The motive is to go after companies which can be susceptible, somewhat than beneficial, as the simplest path to monetary acquire.”

To help brokers in initiating conversations with purchasers and highlighting the real dangers to their companies, CFC created a brand new model of its cyber threat warmth map, zeroing in on the precise areas related to every {industry} sector. The up to date warmth map additionally consists of real-life eventualities particular to particular person shopper sectors, drawn from precise claims.

Nelson went on to remark: “It’s important that cyber insurers give brokers the instruments they should present their purchasers with a sensible image of the dangers they face and the prices they could face within the occasion of an assault. We’re dedicated to supporting our brokers and can proceed to develop extra gross sales aids over the approaching months.”

To enrich the warmth map, CFC is about to introduce a collection of industry-specific warmth maps, starting with skilled service corporations and healthcare. Moreover, brokers can make the most of CFC’s current ransomware calculator, which estimates the potential value of ransomware assaults and provides actionable ideas to assist forestall them.

What do you consider this story? Share your ideas within the feedback under.