Solutions by Industry

Insurance

Some statistics:

Globally, 23% of all ransom funding comes from insurance companies.
In 2023, approximately 2300 significant DDoS events were detected, with a 32% increase in high-impact attacks.
In 2023, approximately 2300 significant DDoS events were detected, with a 32% increase in high-impact attacks. 59% of SMEs organizations have a cyber insurance policy or plan to purchase one within the next 12 months.

The data highlights a growing vulnerability. DDoS attacks, for instance, can paralyze the online services of insurance companies, causing disruptions for customers and significant reputational damage. Moreover, the increasing sophistication of these attacks makes traditional defenses less effective, raising the risk of sensitive data breaches and financial losses. From a general overview, cyberattacks in Italy have increased by 65%, compared to a 12% rise in the rest of the world: this is a concerning trend.

How Muscope|Risk can help:

Cyber risk quantification: essential for determining insurance premiums and coverage based on cyber risks. It allows for evaluating the financial impact of potential attacks on insured clients.
Cybersecurity data analysis: fundamental for analyzing the portfolio of insured SMEs companies and identifying threats and vulnerabilities. It enables insurance companies to better understand the risk profile of businesses and adjust policies accordingly.
Third-party risk management: vital for assessing and mitigating risks associated with the suppliers and partners of insured companies. It helps ensure that insured businesses maintain an adequate level of security throughout the entire supply chain.