At-Bay’s Post

Third-party risk is here to stay. Is your business prepared? 🔍 At-Bay’s security experts put together a comprehensive Third-Party Risk Assessment Checklist to help companies evaluate potential vulnerabilities in their supply chain. This checklist will give you the tools you need to: 🔹 Identify mission-critical functions 🔹 Define your vendor dependencies 🔹 Ask partners key questions to find potential areas of risk Don't leave your operations exposed to potential risk. Download our checklist today and take control of your third-party risk management strategy. https://lnkd.in/ge3_HTtB

Thrilled to catch the New York Yankees' final regular season game at Yankee Stadium! ⚾️ A big thank you to At-Bay’s Greymer E. Rodriguez for hosting our partners Matthew Culkin and Eric Cohen, CPLP behind the Yankee dugout. Nothing beats the excitement of being so close to the action. Now, onto the playoffs!

A new Omdia study reveals a striking insight: 72% of security leaders view cyber insurance as critical or important. Organizations are increasingly investing in proactive security measures. At the same time, they're using cyber insurance to drive these investments. With over 400 security professionals surveyed, the message is clear… Proactive security + cyber insurance = 🥇 Dive into the full study to learn more about effectively managing cyber risks in today's landscape. https://lnkd.in/gh_B6kzz

📈 “The severity of these indirect ransomware attacks has increased quite a bit,” warns Adam Tyra, General Manager of Security Services at At-Bay. In our recent Stance Sessions about third-party risk, Adam highlighted a concerning trend: attacks on commonly used technology systems are severely impacting the businesses that use them. We’ve seen a trend in threat actors looking for opportunities to target vendors that many companies rely on. By compromising these central providers, attackers create widespread outages. This strategy increases the urgency for ransom payments and allows criminals to demand higher amounts. As cyber threats evolve, it's critical to scrutinize not only your own security, but your vendors' security too. Want to dive deeper? Watch the full webinar to learn more about how ransomware has evolved and how businesses can mitigate their risk.👉 https://lnkd.in/d2zPkE59

We're thrilled to be recognized as a PropertyCasualty360 2024 Insurance Luminary for Coverage Innovation! 🎉 By uniting insurance and security, as the world’s first InsurSec provider, we’re helping make mid-market and small businesses safer. At-Bay Stance™, our in-house, purpose-built cybersecurity platform, can be accessed by every Cyber and Tech E&O policyholder and proactively secures assets that are the source of 66% of claims. Here’s to more innovation and fresh thinking that benefit both our customers and the industry at large. 🙌 https://lnkd.in/dxWjJDSf

Ready to kick off Cybersecurity Awareness Month with a valuable learning opportunity? Join our exclusive broker-only webinar on the Fundamentals of Cyber Insurance and earn 1 CE credit (available in 16 states). This session will cover prevalent cyber threats, strategies to minimize exposure, and how to effectively address cyber risk through insurance. At-Bay’s VP of Partnerships & Digital Distribution, Jefferey Lai, RPLU, will guide you through the complexities of cyber coverage so you have the tools you need to discuss and recommend cyber insurance solutions to your clients. 🗓️ October 10, 2024 ⏰ 2pm EDT 👉 Register here: https://lnkd.in/gUWFs5vr

 ⭐️ Underwriter Spotlight: Julie Marvel  ⭐️ At At-Bay, we believe that behind every great policy is an underwriter who truly understands the unique risks of today’s cyber landscape. That's why we’re excited to highlight the incredible work of Julie Marvel, one of our leading underwriters, whose extensive experience in managing large and complex cyber risks sets her apart. In this spotlight, Julie shares how she navigates the unique challenges of large-scale cyber exposures and how her tailored approach helps middle-market clients stay resilient in an increasingly volatile cyber landscape. Take a moment to learn from her insights and see why At-Bay continues to lead the way in cyber insurance solutions! 👇 https://lnkd.in/gwHpTQh8

Big thanks to At-Bay's Tara Bodden for sharing her expertise and insights, alongside Daniel Weitzner from the Massachusetts Institute of Technology and moderator James Dempsey from Stanford University. 🔑 Key takeaway? Cyber insurers have unique insights into emerging risks and are increasingly setting the standard for "reasonable" cybersecurity protections. Their requirements are becoming de facto industry standards. Thanks to IAPP for putting together an amazing event! #psr24

At-Bay's Director of Cyber Risk Modeling, Yoshifumi Yamamoto, Ph.D. and Jess Fung, recently spoke with Insurance Business America about our report with Guy Carpenter “Small Businesses and the New Frontier of Cyber Catastrophe Modeling”. They discuss the current challenges in modeling cyber CAT for SMBs and propose a methodology to enhance model outputs by incorporating security control information. At-Bay provides an example, sharing data for 2 effective security controls (EDR and MFA), that result in a 17% reduction in CAT-only tail losses. Read more for insights on quantifying SMB cyber risks in this rapidly evolving landscape. https://lnkd.in/gSSEPGAj