CyberCube, a leading provider of cyber risk analytics, has partnered with US insurer Aviva to leverage artificial intelligence (AI) for cyber threat actor intelligence. The partnership will enable Aviva to use CyberCube’s “Portfolio Threat Actor Intelligence” service and suite of cyber analytics software to strengthen its cyber exposure management strategy. By utilizing AI, particularly large language models (LLMs), Aviva will be able to analyze extensive digital forensics data and data leaks associated with leading ransomware groups, gaining a deep understanding of their operational methods and attack strategies.
This in-depth intelligence will allow Aviva to identify companies in its commercial portfolio that are most vulnerable to specific cyber threat actors, bringing a new level of precision and innovation to exposure management. Aviva has already tested the “Portfolio Threat Actor Intelligence” service against several ransomware groups and has seen significant benefits. The insurer plans to use the service quarterly to refine its portfolio risk management and adapt to the rapidly evolving cyber threat landscape.
The partnership is a significant development in the field of cyber insurance, as it enables Aviva to gain deeper insights into its portfolios and better manage cyber risk for both itself and its customers. By incorporating cyber analytics and threat intelligence into its underwriting and exposure management processes, Aviva can provide more tailored advice to customers identified as higher risk. For example, the insurer can assist customers in selecting appropriate cybersecurity tabletop exercises that are specifically linked to the tactics of higher-risk threat actors.
According to James Mitchell, Senior Cyber Pricing and Exposure Manager at Aviva, the partnership is crucial in helping businesses protect themselves against rising cyber-attacks. William Altman, Head of Cyber Threat Intelligence Services at CyberCube, commented that the “Portfolio Threat Actor Intelligence” service takes the management of cyber insurance portfolio risk to the next level. The partnership demonstrates the growing importance of AI and cyber analytics in the insurance industry, and is expected to set a new standard for cyber exposure management.