In the constantly evolving landscape of cybersecurity, organizations are facing increasing challenges in protecting their digital assets, commonly referred to as the “Crown Jewels.” One of the essential strategies in assessing risks and making informed decisions in this context is the use of Open-Source Intelligence (OSINT) and the development of a cyber score.
From a global perspective, the demand for cyber insurance is on the rise as cyberattacks become more frequent. Recent reports have indicated a significant increase in cyber insurance premiums, from $4.7 billion in 2018 to $9.2 billion in 2021, with projections to reach $22.1 billion by the end of 2025.
Specifically in Brazil, a survey conducted by SUSEP (Superintendência de Seguros Privados) revealed that cyber risk insurance premiums collected a total of R$ 98.12 million in the first half of 2023, representing a 27.2% increase compared to the same period the previous year. The financial impacts and operational disruptions caused by cyber incidents continue to be significant in 2024, highlighting the relevance of cyber insurance.
One crucial aspect in cybersecurity is the concept of a cyber score, which assesses an organization’s security posture by considering factors such as vulnerabilities, exposure to threats, incident history, and implemented protection measures. Horiens, in partnership with Security Scorecard, utilizes this metric to help companies identify areas for improvement and prioritize investments in security.
The use of OSINT, which involves collecting and analyzing publicly available information to assess threats, is another key strategy employed by Horiens Risk Advisors. By monitoring threats, identifying vulnerabilities, and anticipating potential attacks through OSINT techniques, the company aims to mitigate risks for its clients. The prevalence of leaked credentials in the deep and dark web poses a significant threat, and Horiens excels in risk analysis to provide actionable insights.
Risk forms are essential tools in the cyber insurance sector, as they allow insurers to collect relevant information from clients and assess associated risks. Horiens has established efficient processes for completing and submitting these forms, ensuring that insurers can make informed decisions and offer adequate coverage. By utilizing encryption and appropriate tools for handling this sensitive information, Horiens sets itself apart from competitors in the industry.
Threat intelligence plays a crucial role in Horiens’ approach, as the company’s team of experts analyzes OSINT data to develop customized cyber scores and provide actionable insights for clients. By offering innovative solutions and protecting companies against digital threats, Horiens demonstrates its commitment to ensuring a secure environment for its clients in Latin America.
In conclusion, cybersecurity and cyber insurance are no longer discretionary but essential components in protecting assets, companies, and business continuity. Horiens Risk Advisors exemplifies how the combination of a cyber score, OSINT, and threat intelligence can transform digital protection in Latin America, setting trends and ensuring a safer environment for its clients.