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Cytora and Security Scorecard partner to streamline cyber risk workflows using AI

The partnership will embed cyber security ratings data directly into the Cytora platform enabling insurers to have a superior view of the cyber exposure risks, driving GWP growth and reducing the loss ratio.

New York, US; 29 November 2022: Cytora, the digital risk processing platform, and Security Scorecard, a cyber security ratings data and insights provider, have partnered to provide the commercial insurance industry with a more streamlined and informed understanding of cyber risk.

SecurityScorecard’s patented rating technology is used by over 30,000 organizations for enterprise risk management including cyber insurance underwriting and regulatory oversight. The cybersecurity ratings offer digital forensics and incident response services, providing a 360-degree approach to security prevention and response for its worldwide customer and partner base.

Through this partnership, insurers will now have the capability to automatically embed Security Scorecard data and analytics insights within Cytora’s industry-leading risk digitization platform thus enabling improved data utilization, better insights and faster decision-making, especially for cyber insurance.

The partnership builds on a growing ecosystem of data and insight providers pre-integrated into the Cytora platform enabling an integrated end-to-end customer journey.  

Zaheer Hooda, Head of North America at Cytora, said: “Cytora is powering digital workflows for the world’s largest insurers, a crucial element of that process is leveraging great data. We’ve partnered with Security Scorecard to help insurers access top-class data required for cyber underwriting.”

Prashant Pai, SVP and GM of Strategic Initiatives at Security Scorecard adds: “SecurityScorecard provides the world’s most comprehensive platform for quantifying and reducing security risk, and is trusted by dozens of cyber insurers across the industry,” said Prashant Pai, senior vice president and GM, Strategic Initiatives at SecurityScorecard. “We’re excited to partner with Cytora to power digital risk processing for any class of insurance that may have cyber exposure. Our partnership makes it easy for customers to put trusted, real-time visibility and cyber intelligence into the hands of decision-makers and affirm any organization’s cyber-readiness.”