Security News > 2021 > June > Kovrr updates its cyber risk model and platform to help customers manage the cyber risk in their portfolios

Kovrr released updates to its cyber risk model and platform.

Kovrr has updated the event catalog based on research from new proprietary data sources to reflect changes in the cyber threat landscape, including an improved view of emerging risks, threat actors, attack methods, and ransomware and malware campaigns.

"We are pleased to introduce robust new features and capabilities for our model and platform, which will make it even easier for customers to underwrite, understand and manage the cyber risk in their portfolios," said Shalom Bublil, chief product officer & co-founder of Kovrr.

"Kovrr continues to be a leader in applying machine learning to cyber risk aggregation and accumulation management by constantly observing attempts from threat actors and understanding their evolving techniques. These updates reinforce our commitment to clients and partners to provide the most accurate and transparent cyber risk models with the configurability into cost drivers and loss scenarios needed in this hardening market."

"These updates explain why we entrust Kovrr with helping us manage our accumulated cyber risk exposure," said Oscar Taboada, head of cyber at MAPFRE RE. "Their intuitive and transparent platform, based on a robust events catalog, allows us to improve our decision making by being able to easily isolate driving costs of a portfolio."

Kovrr's modeling framework is based on an extensive analysis of the characteristics of historical cyber risk events, including triggers, propagation, and impact.

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