david-perez-chief-underwriting-officer-global-risk-solutions
David Perez, chief underwriting officer, Liberty Mutual GRS
20 May 2021Insurance

Liberty Mutual partners with SecurityScorecard to enhance preventative cyber protection

Liberty Mutual Insurance has partnered with cyber security rating provider SecurityScorecard to offer complimentary cybersecurity analysis to qualifying clients of its global risk solutions (GRS) North America and specialty markets business units.

The partnership will mean qualifying policyholders receive a detailed analysis of their cybersecurity and the external threats they are exposed to. The SecurityScorecard report will provide recommendations to help clients improve security.

SecurityScorecard has analysed over 5 million businesses and collects and analyses global cyber threats to provide organisations with an easy-to-understand A–F rating of their security and that of their third parties. This gives companies a hacker’s-eye-view of their security, helping them to identify where an attack might occur.

David Perez, chief underwriting officer at Liberty Mutual GRS, emphasised the importance of preventative measures, rather than just remediation after a breach.

“While current cyber insurance policies provide a response when a client’s security is breached, by partnering with SecurityScorecard we can offer clients valuable insights and analysis before a breach occurs,” he explained.

Sam Kassoumeh, SecurityScorecard’s chief operating officer and co-founder, said: “As the only security ratings company to be honored as a tech pioneer by the World Economic Forum in 2020, we are trusted to work with businesses in highly-regulated sectors all over the world.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
15 June 2023   The MOVEit breach, even as an isolated incident, carries the potential to escalate into a significant event. For insurers, this could translate into a variety of complex claims and serve as a stark wake-up call on the nature of systemic risks in the cyber space while prompting the industry to rectify existing vulnerabilities, warns a cyber expert.
Insurance
14 July 2021   The deal will significantly expand its position in the personal lines and small commercial market.
Insurance
20 July 2021   The deal will make it the largest auto insurer and second-largest P/C insurer in the country.