CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, announced today the expansion of its market-leading cyber threat analysis capability into North America and Australia.
A critical component of its proactive cyber insurance offering, CFC’s cyber threat analysis focuses solely on identifying new cyber threats and working with cyber customers to prevent attacks before they happen. CFC was the first global cyber insurer to introduce this capability as part of its in-house cyber security and incident response team, CFC Response.
In the last two years, CFC has notified thousands of customers to potential high-risk vulnerabilities in their systems, detected and helped mitigate nearly 1000 specific malware cases and stopped hundreds of ransomware attacks equating to tens of millions of pounds in potential losses.
“Brokers and customers must expect more from their cyber insurance providers. It’s not just about policy coverage, but rather a comprehensive service that works to protect you against cyber attack from the moment you become a customer, as well as minimize the impact should an incident occur,’ said Roger Francis, Managing Director of CFC Response. ‘The expansion of our cyber threat analysis capability into the US and Australia ensures we have follow-the-sun surveillance and support for our customers around the world.”
Leveraging CFC’s proprietary data enrichment platform as well as a variety of external threat intelligence sources and insights from the largest cyber claims database in the market – CFC’s own – CFC Response proactively scans its cyber customers for specific risk factors and vulnerabilities actively being targeted by cyber criminals.
Using CFC’s market-first mobile app for cyber, the team alerts vulnerable customers to the specific threats impacting their business in real-time and works with the customer to mitigate the issue and prevent the attack before it happens.
Made up of cyber security veterans from organizations including the police, military, defense contractors and various other public and private cyber security organizations, the CFC Response team now numbers more than 100 global incident responders, cybersecurity specialists and cyber threat analysts operating out of London, Austin and Brisbane.
“CFC has led the way when it comes to building and developing technical cyber security resources in-house to protect and support our customers,” said Francis. ‘Combined with over twenty years of cyber insurance – and cyber claims – experience, our value proposition is unmatched.’