Information Shield Enables Cyber Insurance Portfolio Risk Measurement

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HOUSTON (PRWEB) March 04, 2021

Information Shield – a leading provider of cyber security compliance software – today announced support for the new Cyber Insurance Risk Framework. Using the ComplianceShield ™ platform and Cyber Risk Score ™ methodology, insurance providers can gain measurable insight into the cyber posture and inherent risk of their insured base. The new framework was created by the New York Department of Financial Service (NYDFS) to help reduce systematic cyber risk across the insurance industry.

“Insurance providers are being required to assess the cyber maturity of their covered clients.” said David Lineman, CEO of Information Shield. “Cyber risk assessment across a large portfolio of clients is a very time-consuming and inconsistent process. Using our ComplianceShield platform and Cyber Risk Score ™ method, insurance companies can quickly measure the cyber maturity of their covered client, including possible weaknesses that are common among the insured companies. Unlike other solutions, this same platform can also be used to help clients understand and improve their cyber risk profile.”

NYDFS Model for Cyber Risk Management

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