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.
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