CINCINNATI–(BUSINESS WIRE)–Great American Insurance Group recently launched EagleEye℠ by Great American, a powerful cyber risk management platform that combines the National Institute of Standards and Technology (NIST) driven, inside-out review of an organization’s cyber security posture with insights from continuous, external vulnerability scans and best-in-class cyber security ratings from SecurityScorecard.
EagleEye, a collaboration between Great American’s Enterprise Information Security Group and its Cyber Risk operations, is designed by IT professionals, for IT professionals to leverage the power of the NIST Cybersecurity Framework and bring the resources and insights of a Fortune 500 company to the small and medium enterprise marketplace for cyber risk insurance. “The foundations of this platform were built with the assistance of the University of Cincinnati Information Technology Solutions Center as our Great American team assessed the maturity of our own IT organization and identified the best way to manage the risks we face,” said JD Rogers, Chief Information Security Officer of Great American’s parent company, American Financial Group. “The tools we developed became an invaluable system for identifying our needs, building the case for resources to implement a solution, and tracking our progress over time. It was a natural segue to share these resources with our agents and policyholders.”
According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. “Our policyholders often face big dollar challenges like ransomware and social engineering with very modest IT budgets,” Ms. Shepherd said. “We jumped at the opportunity to build a compelling solution for insureds. Great American was one of the early insurers to share third-party security ratings and make ongoing vulnerability scans from SecurityScorecard available to policyholders. We are proud to be innovators and pleased to combine those insights with these new tools.”
Great American has been writing cyber risk insurance since 2007 and has numerous cyber risk insurance products tailored to meet the needs of many different small and medium-sized enterprises including community banks, non-profit organizations, technology companies, schools, and municipalities. EagleEye is available to Great American Cyber Risk policyholders at EagleEye.gaig.com.
SecurityScorecard is the global leader in cybersecurity ratings and the only service with over a million companies continuously rated. Founded in 2013 by security and risk experts Dr. Aleksandr Yampolskiy and Sam Kassoumeh, SecurityScorecard’s patented rating technology is used by over 1,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, and cyber insurance underwriting. SecurityScorecard continues to make the world a safer place by transforming the way companies understand, improve and communicate cybersecurity risk to their boards, employees and vendors. Every company has the universal right to their trusted and transparent instant SecurityScorecard rating. For more information, visit securityscorecard.com.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or higher rating from the AM Best Company for more than 110 years (most recent rating evaluation of “A+” (Superior) affirmed December 3, 2021. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Websites:
www.GreatAmericanInsuranceGroup.com
The post Great American Insurance Group Launches Innovative Cyber Risk Management Platform for Policyholders appeared first on Cybersecurity Insiders.
January 24, 2022 at 09:09PM
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