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A Good Cyber Report Card Can Earn Companies Insurance Discounts: SecurityScorecard & Measured Analytics

Posted on September 13, 2023September 13, 2023 By Mark Sauter

SecurityScorecard generates the equivalent of a credit score for a company’s cyber security (see below). Measured Analytics and Insurance will use (good) cyber scores to provide coverage discounts, as well as identify needed security improvements. This marks another partnership between insurance carriers and security tech providers, from assessment specialists such as SecurityScorecard to vendors of specific security software and services.

“Measured and SecurityScorecard enable organizations to effectively incorporate cyber insurance into their risk management strategy, even as insurance costs remain uncertain. This approach will also enable the procurement of cyber insurance as part of a broader program of corporate investment and enterprise risk management,” says the release.

The release includes some interesting information, including seven factors Security Scorecard believes are predictive of breaches and uses in its analysis:

“Endpoint Security: Tracks identification points that are extracted from metadata related to the operating system, web browser, and related active plugins.

Patching Cadence: Analyzes how quickly an organization installs security updates to measure vulnerability risk mitigation practices.

Ransomware Score: Measures how susceptible the organization is to a ransomware attack.

Network Security: Checks public datasets for evidence of high-risk or insecure open ports within the organization network.

DNS Health: Measures the health and configuration of an organization’s DNS setting. It validates that no malicious events occurred in the passive DNS history of the organization’s network.

IP Reputation: Makes use of the SecurityScorecard sinkhole infrastructure as well as a blend of OSINT malware feeds and third-party threat intelligence data-sharing partnerships.

Cubit Score: Measures a variety of security issues that an organization might have, e.g., checks public threat intelligence databases for IP addresses that have been flagged.”

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Carriers & Brokers, Cyber Insurance Tech Tags:Measured Analytics and Insurance, security reports, SecurityScorecard

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SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
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