Pro Global, in collaboration with cyber security specialist Cyber Security Associates (CSA), has introduced Cyber Audit Practice to help the insurance sector to deal with cyber risk.
The new practice will be managed by Pro Global’s head of information security, Richard Robertson.
Leveraging CSA’s security intelligence and operations, Pro’s cyber audit practice will provide automated technical monitoring round the clock.
Cyber audit practice services include vulnerability assessment, cyber claims handling, user awareness training, risk/compliance assessment, and emerging threat discovery and development of preventative measures.
It will also focus on physical security assessment, managed security service provider, and defining and implementing processes in accordance with legal and regulatory requirements.
Robertson said: “Cyber risks are frequent, severe and systemic – a trio of significant and evolving challenges for the insurance industry to respond to.”
He further said that by launching the new practice, the company is directly addressing demand for more comprehensive audit services.
Robertson added that insurers can reduce exposure to both major incidents and minor cybercrime by implementing a ‘no stone unturned’ approach along with current best practices with mitigating controls.
Pro Global collaboration with CSA will give the company better insight into underwriting evolving cyber risks and develop strategies for safeguarding clients from a cyber-risk.