CyberCube teams with RegTech company Kroll for new cyber incident tool

Cyber risk analytics provider CyberCube has partnered with Kroll, a risk, governance and growth solution developer, to launch a new cyber incident response service to its clients.

The Cyber Aggregation Event Response Service (CAERS) solution will provide CyberCube’s clients with information and guidance on major cyber aggregation events.

As part of the deal, Kroll will provide frontline threat intelligence generated from the thousands of incident response cases it handles each year.

In the aftermath of a major cyber event, the CAERS team will update CyberCube’s clients with the latest information, while CyberCube’s SaaS products, including Broker Manager, Account Manager and Portfolio Manager, will assist with a response to any unfolding cyber catastrophe.

CyberCube offers insurance intermediaries and risk carriers with an analytics platform that provides an unrivalled ecosystem of data, signals and models to fuel cyber risk quantification.

Benedetto Demonte, chief operating officer for Kroll’s Cyber Risk practice, said, “We’re pleased to be contributing to CAERS because effective incident response depends on the most current and relevant threat intelligence available. In our most recent Threat Landscape Report, we saw a 356% growth in the number of attacks quarter-on-quarter where the infection vector was a zero-day or freshly-announced software exploit.

“Ransomware groups have also been found to be leveraging newly announced vulnerabilities just days after release. It is only with access to frontline intelligence that firms can prioritise resources, mitigate the risk of a cyberattack and react appropriately if the worst happens.”

A recent report from Kroll found that there was a 54% increase in phishing attacks during the first quarter of 2022.

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