Insurance
“Ostrich Cyber-Risk’s Birdseye application has been transformative for our insurance firm. By identifying and prioritizing our top cyber risks and mapping the most effective controls, we've enhanced our compliance and data protection. Birdseye’s insights enable us to communicate effectively with our Board, CEO, and CFO, integrating cyber risk management into our business strategy.”
— Chief Information Security Officer, Leading Insurance Firm
Navigating Cyber Risk in Insurance with Confidence
Insurance companies manage a wealth of sensitive information, including client data, financial records, and policy details. This makes them prime targets for cyber threats.
Common Problems You Face
Increased Cyber Attacks
In the insurance industry, cyber risk affects every part of the organization. It’s crucial to evaluate these risks to protect client data, ensure regulatory compliance, and maintain customer trust.
Budget Prioritization
With growing demands and limited resources, security leaders need to prioritize effectively and communicate these priorities to business units. Showing the value of cybersecurity in clear business terms is key to getting the necessary support.
Compliance
Compliance with regulations like GDPR, PCI-DSS, and state insurance laws is complex and ongoing. Ostrich’s expertise helps ensure your compliance efforts are comprehensive and proactive.
Insurance Firms are better equipped with Ostrich Cyber-Risk.
“Ostrich Cyber-Risk’s Birdseye application has been a game-changer for us. It helps us identify and prioritize our biggest risks, understand their financial impact, and stay compliant with regulatory standards. This means we can take action and communicate effectively with our Board, CEO, and CFO.”
— CISO, Leading Insurance Firm
Proactive risk management
Understanding cyber risks allows insurance companies to take a proactive approach. By identifying weaknesses early, you can implement measures to prevent incidents before they occur. Ostrich Cyber-Risk helps map out the controls that most efficiently reduce your top risks, ensuring your defenses are both strategic and effective.
Assess risk over time
Quantifying cyber risks helps you focus on the most significant threats. This ensures your efforts and resources are used where they matter most.
Business continuity
Cyber incidents can disrupt operations and affect customer service. By understanding these risks, you can develop strong business continuity and disaster recovery plans to keep services running smoothly. Ostrich Cyber-Risk helps you prepare for and mitigate the impact of potential cyber incidents, ensuring resilience in the face of threats.