The booming online sports betting and casino industry just upped its security game. Maxxsure, a leader in cyber risk ratings, has joined forces with BMM Innovation Group’s BIG Cyber, a cybersecurity powerhouse, to revolutionize cyber risk management and insurance analytics in the gaming sector. This strategic partnership signifies a major step forward for the industry’s fight against cyberattacks. It offers a comprehensive solution to enhance cyber resilience and pave the way for a more secure future.
This alliance between Maxxsure, known for its M-Score™ cyber-risk rating, and BIG Cyber, a pioneer in cyber risk, aims to revolutionize cyber risk management and insurance analytics in the gaming sector. It was announced earlier in February.
The collaboration addresses the gaming industry’s urgent need for advanced cyber risk solutions. Casinos, sports betting operators, and gaming suppliers have faced increased cyberattacks, leading to significant financial and reputational damages. Despite higher investments in cybersecurity, the industry continues to grapple with vulnerabilities.
“State Of The Art”
Amit Sharma, CEO of BIG Cyber, welcomed the partnership, highlighting the opportunity to deliver custom solutions to clients. “This partnership enhances our capabilities, allowing us to deliver unique and tailored solutions to our clients,” said Sharma. “In an era where perfect cybersecurity is elusive, organizations need to understand the extent of their financial exposure in the event of a breach,” added Srik Soogoor, President of Maxxsure.
Kevin Thomsen, Chief Revenue Officer at Maxxsure, identified the partnership as a potential game-changer for the trillion-dollar gaming industry. He noted it offers tools to quantify financial risks and facilitate the procurement of appropriate cyber insurance and remediation strategies. “Gaming companies need state of the Art tools to quantify their financial risk and easy ways buy the appropriate amounts Cyber insurance & remediation,” concluded Thomsen.
The collaboration introduces Maxxsure’s proprietary technology and BIG Cyber’s innovative approach to the gaming industry. Thus providing a comprehensive solution to enhance cyber resilience. Through rigorous assessment of internal and external threats and using Maxxsure’s algorithm, the partnership aims to deliver a quantifiable understanding of cyber risks and their financial implications.
This move underscores the importance of cyber risk quantification and insurance analytics and in the gaming sector.
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