Howden partners with Cytegic on automated cyber risk assessment

Howden, the retail broking arm of Hyperion Insurance Group, has partnered with cyber risk quantification solutions provider Cytegic to automate cyber risk assessment and financial impact analysis across global markets.

“After researching numerous solutions and putting the Cytegic platform through a variety of challenging tests, we were able to confirm Cytegic’s unique ability to accurately quantify financial risk through its automated ACRO platform," said Shay Simkin, global head of cyber, Howden.

"Rapid evaluation of third-party risk and security posture optimisation can be performed automatically through the Cytegic platform, providing clients with greater efficiency and transparency. We will be able to provide a proactive partnership with customers by actively helping them understand and quantify their cyber risk,” he explained.

Elon Kaplan, CEO of Cytegic said: “We are excited to partner with Howden, a global leader with extensive expertise in cyber insurance, to drive forward the cyber insurance revolution. Cytegic’s non-invasive and automated cyber risk quantification platform enables end-to-end cost-effective management of cyber insurance policies with precision, validity and financial transparency.”