Protocols protecting people

Corvus is an insurance company on a mission to help organizations be safer from cyber attacks, which is needed now more than ever: according to their data, the rate of ransomware attacks doubled in the past year, including 20% quarter-over-quarter growth in Q1 2021 alone. Attacks are also becoming more severe in terms of the cost to victims.?

In 2020, an increasing number of ransomware attacks were linked to the exploitation of ports commonly used for remote desktop protocol (RDP) software. Corvus began scanning for open RDP ports within all organizations for its existing policyholder base, as well as those it was simply considering quoting for cyber insurance policies. Corvus is an insurance company on a mission to help organizations be safer from cyber attacks, which is needed now more than ever: according to their data, the rate of ransomware attacks doubled in the past year, including 20% quarter-over-quarter growth in Q1 2021 alone. Attacks are also becoming more severe in terms of the cost to victims.

In the six months following implementation, the rate of ransomware claims among Corvus policyholders was reduced by 65%. A year later, the company continues to alert policyholders on this and numerous other vulnerabilities, with RDP now measurable only as thousandths of a percentage point of its policyholder base at a given time, thanks to constant monitoring and alerting.?

"As IT systems become more complex and deeply integrated with software tools and services, it is critical to have a team like Corvus who are able to help the insured dig into and understand the risks not only within their own systems, but also vulnerabilities brought upon by their vendors." –Ashley Ganne, Management and Professional Lines Broker, Brown & Riding