Cybeta Launched THREAT ALPHA 2.0, A Groundbreaking Breach Loss Prediction Technology For Executive Decision-makers
Cybeta's new technology can now separate hard and soft costs by category, industry, geography, internal/external threat preparedness, and much more.
By: Cybeta LLC
Hard Cost Breakout – Clients will see a breakdown of hard (direct, tangible) and soft (indirect, intangible) costs on each cyber insurance assessment report. This feature will identify the losses a customer may experience due to a breach. The breakdown of hard vs. soft costs will allow clients to understand how best to position their risk management strategy across acceptance, remediation, and transfer. It will also provide insights into remediation strategies for the customer as they determine how to maximize ROI.
Breach Categories - By popular demand, Cybeta will display costs across 16 categories, including forensic investigations, legal actions, regulatory fines, notification expenses, credit monitoring, disaster recovery, business interruption, and more. This enhancement gives cyber insurance brokers the details to cooperatively assess client needs, prioritize areas of weakness in client defenses, and help manage cash flow expectations in case of a breach.
Cost vs. Coverage Ratios – Cybeta already assesses risk transfer needs by company profile, geography, and industry. Now, Cybeta can show the distribution of breach losses by attack type. For example, brokers can show customers how much the average phishing attack will cost or focus on the potential losses from a catastrophic attack of the same type.
If you are interested in learning more about Cybeta's latest technology, message them at email@example.com for a consultation and see our website at https://www.cybeta.io/