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Barbican introduces cyber resilience product

IBR Staff Writer Published 13 April 2018

Barbican Insurance Group has launched a cyber one-step-ahead (OSA) resilience product, which is structured to encompass three critical areas of cyber resilience.

The insurer has worked with cyber risk management specialists TSC Advantage and FICO in order to develop the product which has been designed to help insureds, at no additional cost, evaluate and enhance their cyber resilience.

Barbican Cyber OSA will cover three critical areas of cyber resilience including cyber reconnaissance; cyber phishing defence and cyber intrusion response.

It integrates software components, on- and off-site training and detailed evaluation and recommendation reports to support organisations in their efforts to bolster overall cyber security measures.

With the product, cyber insureds can gain access to the FICO Enterprise Security Score (ESS) Portrait software. This tool can help organisations in identifying externally visible weak spots and red flag indicators that could attract system intruders and offers clear and actionable insights on how to improve their cyber position.

On the other hand, phishing simulation training is offered by TSC Advantage, a consulting firm for enterprise risk and cybersecurity.

The training includes controlled phishing and spear-phishing attacks to assess current levels of phishing awareness amongst staff with detailed recommendations offered on improving attack resilience.

Barbican Cyber OSA’s intrusion response component is also delivered by TSC Advantage, where it integrates table-top incident response exercises and in-depth documentation reviews to give out detailed evaluation report and guidance on improving response capabilities, if an incident takes place.

Barbican cyber business group leader Graeme King said: “The cyber threat is growing exponentially spurred on by ever-increasing connectivity and constantly evolving attack strategies.

“To stay in control, you need to get ahead of the cyber attacker – and that is exactly where we believe Barbican Cyber ‘One Step Ahead’ places our insureds. It brings together leaders in the cyber resilience arena to help our insureds bolster what we see as some of the most critical aspects of their cyber security strategy.”


Image: Barbican introduces new product to tackle cybersecurity. Photo: Courtesy of hyena reality/FreeDigitalPhotos.net.