Aviva has joined forces with cyber risk analytics company CyberCube, aiming to enhance its cyber risk management strategy using AI capabilities.

With this move, the British insurer aims to understand cyber threats and their targets by using CyberCube's Portfolio Threat Actor Intelligence solution.

It leverages large language models to extract threat intelligence from a digital forensics data and data breaches associated with ransomware groups.

The insights gained from this service will enable Aviva to identify specific vulnerabilities within its commercial portfolio and tailor its exposure management accordingly.

Aviva will integrate the tool into its exposure management processes on a recurring basis, with plans to use the service quarterly.

Both Aviva and CyberCube conduct regular reviews to update "threat actor kill chains", the joint press release said.

Aviva senior cyber pricing and exposure manager James Mitchell said: “Over the past year, Aviva has rigorously tested Portfolio Threat Actor Intelligence against several ransomware groups. These threat actors were selected based on their relevance to Aviva’s commercial portfolio – specifically their targeting preferences – and our ability to confidently map tactics, techniques and procedures across the cyber kill chain.

“By incorporating this unique blend of cyber analytics and threat intelligence into current underwriting and exposure management processes, (re)insurers can gain deeper insights into their portfolios, enabling them to better manage cyber risk for both themselves and their customers."

CyberCube cyber threat intelligence services head William Altman stated: “Portfolio Threat Actor Intelligence is an innovative solution that takes the management of cyber insurance portfolio risk to the next level.

“Through this capability, CyberCube supports Aviva’s Exposure Management team in identifying companies within its portfolio that display firmographic traits, technology dependencies and security gaps likely to attract specific cyber threat actors.”

Meanwhile, in January this year, the insurer adopted AutoRek’s financial and operational reconciliation solution to reduce manual processes, carry out matching and analyse discrepancies.

"Aviva teams up with CyberCube for AIcyber risk management " was originally created and published by Life Insurance International, a GlobalData owned brand.

 

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