CyRisk, an innovator in cyber risk management and data analytics, has introduced its latest solution, the Privacy Risk Insights Underwriting platform.
Designed to meet the escalating demands of the cyber insurance sector amid a surge in privacy claims, this state-of-the-art tool leverages advanced artificial intelligence to provide unparalleled insights into privacy risks.
The Privacy Risk Insights solution offers a comprehensive analysis of policyholder exposures, detecting over a thousand privacy signals to identify legal and regulatory privacy risks.
Notably, the platform goes beyond conventional assessments by scrutinising advertising and marketing technology privacy risks, as well as biometric and genetic data exposures.
This thorough evaluation aims to mitigate the potential for privacy-related data breaches and legal liabilities, which have become increasingly prevalent in today’s digital landscape.
Ben Goodman, CEO and Founder of CyRisk, emphasised the significance of this innovation in addressing the evolving challenges of cyber insurance underwriting.
He stated, “CyRisk’s Privacy Risk Insights solution marks a significant milestone in the evolution of cyber insurance underwriting. We understand the challenges posed by the dynamic privacy landscape, and our solution empowers both underwriters and policyholders with actionable insights to important and increasing exposures.”
