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July 14, 2022

McGill and Partners taps CyberCube for cyber risk analytics

Specialty re/insurance intermediary McGill and Partners has tapped CyberCube to leverage its cyber risk analytics platforms.

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

McGill and Partners, which has headquarters in London and New York, launched operations in 2019.

The insurance broker is developing its cyber insurance and reinsurance offerings and the deal with CyberCube is part of its continued development of its cyber (re)insurance strategy.

McGill and Partners will use CyberCube’s Portfolio Manager and Broking Manager cyber risk analytics platforms.

Portfolio Manager is a scenario-based data-driven model, which stress tests portfolios of insurance and reinsurance risks against cyber-related scenarios such as, cloud outages, ransomware attacks, data breaches and financial fraud.

Broking Manager is a software-as-a-service application, which aids in analysing potential financial exposure impacts arising from cyber events, allowing clients to make informed decisions related to coverages and limits.

McGill and Partner reinsurance partner Neil Sharma said: “We are looking to bring all stakeholders in the cyber value chain together; collaborating between our insurance and reinsurance teams and partnering with CyberCube’s platforms which help deepen our understanding of the risks, allowing us to provide best-in-class solutions to our clients.”

CyberCube principal client account manager Alejandra Donoso said: “We are excited to be working with the team at McGill and Partners and be part of the company’s cyber (re)insurance growth strategy on both the direct insurance side via Broking Manager and on its reinsurance side via Portfolio Manager.”

Last month, Australia-based re/insurer QBE Insurance Group collaborated with CyberCube to enhance its cyber capabilities.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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