Mitigating Risk and Preventing Advanced Email Attacks with an AI-Based Solution
As a global leader in specialty insurance, mortgage insurance, and reinsurance, Arch Insurance has a mission to protect clients from known risks and emerging threats. The company also provides cyber insurance for clients seeking to minimize the risk of losses related to data breaches, ransomware, business email compromise, and other digital threats that arrive via advanced email attacks.
To support that goal, Arch Insurance continuously seeks strategies and solutions that could help mitigate risk for their clients.
“Ransomware and BEC are two of the largest triggers for claims, and those typically come through email,” said Kyle Lutterman, AVP of Cybersecurity Risk Engineering. “So, the cybersecurity underwriting challenge we have is determining which clients have good security and quality control procedures.”
The Arch Insurance team found that Abnormal’s behavioral intelligence capabilities and its quick, API-based integration with cloud email platforms make it a highly effective, easy-to-use risk reduction solution.
“We like that Abnormal can complement or supplement other email security tools,” said Shiraz Saeed, VP of Cyber Risk. “Users don’t have to switch providers to benefit from Abnormal’s AI-based threat detection. It improves their existing security programs.”
- Industry: Insurance
- Location: Bermuda
High-risk vendors identified based on vendor compromise 200+ and/or vendor impersonation seen in the Abnormal community.