Harnessing Artificial Intelligence for cyber threat actor intelligence and advanced portfolio risk management
We’ve partnered with CyberCube, a leader in cyber risk analytics, to be able to leverage the power of Artificial Intelligence (AI) in mapping the behaviour of cyber threat actors and the technologies they most frequently target.
By using CyberCube’s ‘Portfolio Threat Actor Intelligence’ service and its suite of cyber analytics software, this collaboration supports our strategy to strengthen cyber exposure management across our portfolio.
How does it work?
By leveraging AI, specifically large language models (LLMs), to glean threat intelligence from extensive digital forensics data and data leaks tied to leading ransomware groups, we’re able to gain deep insights into how these threat actors operate and the tactics they use to execute attacks.
This means we can pinpoint companies across our portfolio that are most vulnerable to specific cyber threat actors, bringing a new level of precision and innovation to exposure management.
We're the first insurer to integrate ‘Portfolio Threat Actor Intelligence’ into its exposure management strategy on a recurring basis, marking a significant step in enhancing threat-informed underwriting and portfolio oversight capabilities.
James Mitchell, Senior Cyber Pricing and Exposure Manager, Aviva, said:
“As cyber-attacks continue to rise, including the targeting of high-profile organisations, it’s crucial that businesses are properly protected.
Over the past year, we've rigorously tested Portfolio Threat Actor Intelligence against several ransomware groups. These threat actors were selected based on their relevance to our commercial portfolio, specifically their targeting preferences, and our ability to confidently map tactics, techniques and procedures across the cyber kill chain.
By incorporating this unique blend of cyber analytics and threat intelligence into current underwriting and exposure management processes, (re)insurers can gain deeper insights into their portfolios, enabling them to better manage cyber risk for both themselves and their customers.
Customers identified as higher risk can then receive more tailored advice from (re)insurers. For instance, assisting customers with the selection of appropriate cybersecurity tabletop exercises that are specifically linked to the tactics of the higher-risk threat actors.”
William Altman, Head of Cyber Threat Intelligence Services, CyberCube, said:
“Portfolio Threat Actor Intelligence is an innovative solution that takes the management of cyber insurance portfolio risk to the next level. Through this capability, CyberCube supports Aviva's Exposure Management team in identifying companies within its portfolio that display firmographic traits, technology dependencies and security gaps likely to attract specific cyber threat actors.”
We'll utilise Portfolio Threat Actor Intelligence on a quarterly basis, as part of creating a differentiated and more nuanced approach to portfolio risk management. This will help us keep pace with the dynamic and fast-paced cyber threat landscape. With CyberCube, we'll regularly review threat intelligence to update threat actor kill chains and make sure analyses reflect the latest threats.
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