CyberCube launches three scenarios for Lloyd’s RDS

Cyber analytics specialist CyberCube has designed three cyber-specific scenarios to be used as part of Lloyd’s of London’s annual Realistic Disaster Scenarios exercise.

The scenarios expose the most up-to-date threat landscape and associated cyber threats that cause significant accumulations of losses. Some scenarios are compulsory for all syndicates; others must be reported if estimated losses exceed a set threshold.

The three scenarios include a cyber power outage, a widespread malware event and a cloud outage event.

John Anderson, CyberCube’s senior product manager, said: “This is the third year in succession CyberCube has worked with Lloyd’s syndicates to produce cyber scenario results. We’ve been heavily involved as a development partner to Lloyd’s and continue to ensure our Portfolio Manager product scenarios match and mirror the modeling and outputs needed for the RDS collection. The scenarios are ready and available for use today.”

The associated scenarios are available now and live in Portfolio Manager.

    Share Story:

YOU MIGHT ALSO LIKE


Cyber physical risks
Property damage as a consequence of cyber attack is often excluded from standard property policies, but as the industrial internet of things expands, so too do the risks. This podcast examines the evolving threat landscape. Published October 2021

Financial institutions were early adopters of cyber security and insurance. Are they still on top of the game?
Managing huge amounts of sensitive data online makes financial institutions a prime target for hackers. As such, the sector was an early cohort for insurers in creating cyber cover. Since then, the market has evolved almost beyond recognition. It continues to challenge itself to this day, complying with rigorous regulatory demands and implementing avant-garde enhancements to keep abreast of the ever-changing risks. Published June 2021