Canopius boosts cyber offering with threat intelligence capabilities
Specialty re/insurer, Canopius Group has partnered with cybersecurity technologies firm Group-IB to strengthen its cyber insurance offering with advanced threat intelligence capabilities.
The new offering includes enhanced risk assessments, real-time threat notifications and informed strategies for threat mitigation. It marks Group-IB’s first full-service partnership with a Lloyd’s of London syndicate and will provide Canopius policyholders with an additional level of protection and threat intelligence.
Canopius’ underwriters will now have the capabilities to assess the likelihood of cyber risks and conduct comprehensive risk assessments, providing quantitative insight into the financial benefits of security measures. This will allow for the provision of more precise and cost-effective coverage to Canopius’ clients. Canopius will offer detailed threat reports and their catalogue of proactive cyber services to policyholders.
Canopius’ threat intelligence function collects in-depth data from multiple sources, including attack methods and technical impact information from the internal cyber incident management team, claims data and open-source feeds. Group-IB will now supplement this with data obtained via adversary intelligence, vulnerability and malware information, and dark web visibility.
Matt Northedge, global head of cyber at Canopius, said: “Every organisation has its own unique exposures, risks and threats. This partnership combines the expertise of Group-IB’s threat intelligence analysts with Canopius’ insurance and risk management knowledge to offer an exceptional technical approach to cyber risk management. In joining our capabilities, we have developed an intelligence-led model and product, offering an unparalleled perspective on the cyber threat landscape for our clients.”
Dmitry Volkov, chief executive officer of Group-IB, said: “As cyber threats evolve in complexity and unpredictability, threat intelligence is crucial for building resilience against both current and future threats. Group-IB is committed to delivering multi-sourced and tailored insights from its threat intelligence teams, Digital Forensics and Incident Response (DFIR) labs, alongside our Digital Crime Resistance Centers (DCRCs) around the globe. We are confident that our partnership with Canopius will enable round-the-clock visibility, vigilance and cyber threat profiling necessary for effective cyber risk management.”
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