Skip to content
+1 512 696 1522
Facebook page opens in new windowTwitter page opens in new window
LUCY Security
LUCY Security
  • Home
  • Solution
    • Overview
    • Attack Simulation
    • Test Infrastructure
    • Awareness Training
    • Engage Employees
  • Pricing
  • Resources
    • Custom Awareness Video
    • Download
    • Partners
    • Support
    • Video Library
    • Documents
    • Course Overview
  • About
    • About us
    • Contact
    • News and press
      • Dark Web Analysis
    • Connect 2020
  • English (English)
    • Deutsch (German)
  • Home
  • Solution
    • Overview
    • Attack Simulation
    • Test Infrastructure
    • Awareness Training
    • Engage Employees
  • Pricing
  • Resources
    • Custom Awareness Video
    • Download
    • Partners
    • Support
    • Video Library
    • Documents
    • Course Overview
  • About
    • About us
    • Contact
    • News and press
      • Dark Web Analysis
    • Connect 2020
  • English (English)
    • Deutsch (German)

Cyber protection solutions for the insurance industry using LUCY

70% of costs in cyber liability cases arise from careless employees. The insurance industry can use LUCY Software to run effective cyber protection and loss mitigation programs and solutions. The insurer can create added value for its customers that goes far beyond a cyber liability insurance policy.

Cyber liability insurance is becoming more and more established in the market. An analysis of the claims reports that have now been received shows clear patterns of attack: Professional attackers mainly use so called social engineering to gain access to company data and infrastructure. Phishing of passwords, mail attachments with malicious software and the fraudulent President-scam with manipulated invoices are the main focus of the attack methods.

It is obvious: people and processes are actually the weakest link in the chain. Experience also shows that in the event of an attack, small companies often know how to help themselves. Unfortunately, medium-sized companies have more difficulties. These are often only awakened by the cyber damage case.

Preventive measures in the area of cyber risk lead to a much better protection against cyber attacks importance of security awareness training, especially for medium-sized companies. At the same time the damage potential is considerably reduced. Insurers would do well to make such preventive measures available to their customers or even demand them!

The Swiss Mobiliar Insurance Company shows how its done: Their employees are regularly sensitized with training and phishing simulations based on LUCY software. But ‘Die Mobiliar’ goes further: With the help of LUCY Security, the company has added a simple and action-oriented 360° cyber protection solution to its portfolio of services for its insurance customers. The range of services covers own damage, third-party damage, legal protection and protection services and thus offers a comprehensive solution that benefits the customer AND the insurer.

Concrete example of cyber protection training for customers in the insurance industry

Customer benefits:

  • The topic and the potential threat ‘Cyber’ is anchored in the strategic risk management of the companies
  • Security Awareness is actively maintained, and employees are trained and sensitized
  • The IT security is assessed, and the basic security of the IT infrastructure is improved
  • Digital assets are identified, threat scenarios are run through and the companies are realistically prepared for the cyber emergency
  • Further insurance options are being analysed and examined

Benefits to the Insurer:

  • 360° cyber protection solution: The insurer offers cyber insurance cover tailored to the needs of the customer with a lean risk assessment
  • The insurer develops preventive, attractive awareness of cyber security services for its business customers with a high degree of effectiveness
  • A simple and action-oriented range of products and services allows the broad and comprehensive training of the sales department
  • Cyber Risk is developed and bundled in-house as a core competence
  • Strong partnerships with IT providers or with LUCY secure the offer in the long term computer security awareness
  • And last but not least: Increased attractiveness and customer proximity of the insurer in the field of cyber security and digital transformation!

The Security Awareness Program Framework (SAPF)

In addition to software support, LUCY also offers a modular system for building comprehensive cyber protection solutions. The SAPF guide allows an efficient implementation of a pre-project for the setup of an awareness program. The guideline can be used polyvalent. Whether the range of services is aimed at the cyber protection of insurance customers or employees is of secondary importance.

Processes of a cyber-protection roadmap for employee awareness in the insurance industry
Training Roadmap for Cyber Protection Training for Insurance Customers
Possible phishing and testing roadmap or procedure plan for educational social engineering measures in the insurance industry

With its implementation focus on ‘Scope’, ‘Plan’, ‘Run’ and ‘Evolve’, the guide illuminates all levels of the company: normative, strategic and operational. This ensures the effectiveness of preventive measures in the cyber risk area effectively and sustainably.

Best Practice Guide for building a cyber protection solution and awareness program for insurance companies across all levels

The documentation of the framework includes a description of the individual processes necessary to build a cyber protection program. The documentation is provided free of charge by LUCY Security.

Presentation documents Mobiliar / LUCY at the Cyber Insurance Conference on 21 January 2020 in Leipzig (in German)

In order to obtain the SAPF documentation, please fill out the following form.

Please call me back

The data sent will be used only for the purpose of processing your request. Further information can be found in our Privacy Policy.

Category: BlogBy adminJanuary 21, 2020Leave a comment
Share this article
Share on FacebookShare on Facebook TweetShare on Twitter Pin itShare on Pinterest Share on LinkedInShare on LinkedIn Share on WhatsAppShare on WhatsApp

Author: admin

Post navigation

PreviousPrevious post:Protecting Employees, Students and School District Resources From Cyber AttackersNextNext post:Cyber Security Awareness Program Framework

Related Posts

Cyber Security Awareness NIST – Requirements, Commitments and Content
March 29, 2021
Phishing Attacks in the Holiday Season
December 16, 2020
Why LUCY 4.7.5 is a milestone in our product development
September 3, 2020
Holistic Cybersecurity a Must for the Healthcare Industry
April 1, 2020
All Training on Home and Remote Working free of charge
March 25, 2020
RSA Conference 2020, San Francisco, USA – LUCY Interview with The Security Guy
February 24, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post comment

Recent Posts
  • Individual training libraries, personalized training structure, security compliance reporting and much more with the new LUCY version
  • Cyber Security Awareness NIST – Requirements, Commitments and Content
  • LUCY Security wins Cyber Security Awards in 2021
  • Lucy Security focuses on mobile applications
  • Lucy Security presents international Partner Awards 2020
Archives
  • April 2021
  • March 2021
  • January 2021
  • December 2020
  • September 2020
  • June 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • July 2019
  • May 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • June 2018
  • March 2018
  • November 2017
Categories
  • Blog
  • Local Event
  • News
  • Press
  • ReleaseNote
  • Resources
  • TechBlog
  • Video
  • Webinar
CONTACTS

Address: Europe
Lucy Security AG
Chamerstr. 44 | 6300 Zug | Switzerland

Address: North America
LUCY Security USA
13785 Research Blvd
Suite 125
Austin, TX 78750

Phone Global: +41 44 557 19 37
Phone USA: +1-512-696-1522
Phone USA Support: +1-512-696-1514
Phone Canada: +1 289-270-2547
Phone France: +33 611 821 535
Phone UK: +44 (0) 7517 236426

SEARCH
CONNECT

Find us on:

Facebook page opens in new windowTwitter page opens in new windowYouTube page opens in new windowLinkedin page opens in new window
INFORMATION
  • Home
  • Solution
  • Pricing
  • Resources
  • About us
  • Support Wiki
  • Contact
  • Download LUCY
  • Demo request
LANGUAGE
  • English
    • Deutsch (German)
LUCY Security
All Rights Reserved 2021










Noted in the press

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Privacy PolicyCookie PolicyACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.