CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence.
This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, which in turn will strengthen the insurer’s cyber exposure management strategy.
By leveraging the power of AI, particularly large language models (LLMs), to analyse extensive digital forensics data and data leaks associated with leading ransomware groups, Aviva has achieved a deep understanding of their operational method and attack strategies.
This in-depth intelligence enables Aviva to pinpoint companies in its commercial portfolio that are most vulnerable to specific cyber threat actors, bringing a new level of precision and innovation to exposure management, the firm stated.
James Mitchell, Senior Cyber Pricing and Exposure Manager, Aviva, said: “As cyber-attacks continue to rise, including the targeting of high-profile organisations, it’s crucial that businesses are properly protected.
“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.
Mitchell continued: “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.
“Customers identified as higher risk can then receive more tailored advice from (re)insurers. For instance, assisting customers with the selection of appropriate cybersecurity tabletop exercises that are specifically linked to the tactics of the higher-risk threat actors.”
Aviva has become the first insurer to incorporate ‘Portfolio Threat Actor Intelligence’ into its exposure management, significantly improving its threat-informed underwriting and portfolio oversight.
William Altman, Head of Cyber Threat Intelligence Services, CyberCube, commented: “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.”
Aviva will utilise Portfolio Threat Actor Intelligence quarterly to refine its portfolio risk management with a more differentiated and nuanced approach, which will enable it to adapt to the rapidly evolving cyber threat landscape.
