Risk Firms, Data Providers To Collaborate On Advanced Cyber Modeling

AIR Worldwide will work with security risk and cyber data providers BitSight Technologies and Risk Based Security (RBS) to build an advanced cyber risk model. AIR Cyber Risk Model will seek to help the insurance industry better manage the evolving threat of cyber attacks by incorporating “the most up-to-date and complete incident data, real-time security ratings of companies, exposure data, and supplier data in the ‘cyber supply chain,’” notes a statement from catastrophe risk modeling firm AIR Worldwide, a Verisk Analytics business.