Managing cyber risk is more critical now than ever before. The most challenging part of managing cyber risk is quantifying it to ensure that the organization adequately protects itself from the financial and reputation risk accompanying a data breach. Cyber risk insurers often incorporate proactive services to help their customers, including security ratings.
The value of proactive risk mitigation
Organizations often view proactive cyber risk mitigation as valuable. Despite this, many companies find themselves looking for solutions to help them enhance their risk monitoring capabilities and resiliency.
Today, SecurityScorecard announced a strategic partnership with Liberty Mutual Insurance to help fill this gap. Through this relationship, qualifying policyholders will receive a detailed security rating analysis that gives them the information necessary to engage in actionable risk mitigation strategies. These policyholders can use SecurityScorecard’s easy-to-understand A-F rating system to gain visibility into potential external risks impacting their security posture.
Additionally, they can use the SecurityScorecard report’s recommendations to take risk mitigation steps that help enhance their security.
Continuous improvement drives resilience
Through this strategic relationship, Liberty Mutual and SecurityScorecard provide customers better outcomes. While cyber risk policies help organizations respond to a data breach, working with SecurityScorecard enables Liberty Mutual’s customers to have the opportunity to take preventive steps.
Having analyzed over 5 million businesses, SecurityScorecard’s award-winning technology enables organizations to embrace cyber resiliency.
“As the only security ratings company to be honored as a ‘Tech Pioneer’ by the World Economic Forum in 2020, we are trusted to work with businesses in highly-regulated sectors all over the world,” said SecurityScorecard’s COO and co-founder Sam Kassoumeh. “We are proud to partner with Liberty Mutual as they embrace the goal of security ratings to drive continuous improvement and resilience for their clients.”
Funded by world-class investors including Silver Lake Partners, Sequoia Capital, GV, Riverwood Capital, and others, SecurityScorecard is the global leader in cybersecurity ratings with more than 5 million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 16,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees, and vendors. Every company has the universal right to their trusted and transparent Instant SecurityScorecard rating. For more information, visit securityscorecard.com or connect with us on LinkedIn.