Reinsurance News

Barbican strengthens cyber cover with incident response & phishing simulation

13th March 2018 - Author: Staff Writer

Barbican Insurance Group has strengthened its cyber insurance cover by providing incident response exercises and phishing simulation as part of the overall package to be delivered through risk and cybersecurity consulting firm, TSC Advantage.

Barbican Insurance GroupGraeme King, business group leader for cyber at Barbican, said: “At Barbican, we are committed to finding new ways to boost the cyber resilience of our insureds and it is in all of our interests to help reduce the potential for cyber-related losses.

“By introducing these new training components into our policies, we want to place our clients in the strongest possible position to withstand attacks, while also empowering them to respond quickly and effectively when an incident occurs.

Through TSC Advantage, Barbican will provide its cyber insureds with access to two distinct types of cyber security training; a cyber incident response exercise working directly with the insured to test current strategies and offer recommendations for improvements, and an exercise for social engineering attacks, where the insured is exposed to phishing simulation emails to evaluate phishing defences and provide action points on how to strengthen them.

Will Durkee, director of security solutions at TSC Advantage, said; “from our years in offensive cyber operations, we bring the attacker mentality into the defensive support we provide.

“We know the vulnerabilities hackers search for and help organisations close those gaps. We look forward to working with Barbican to ensure that their cyber insureds have the best cyber posture possible.”

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