CYBERBOXER AI PRIVATE LIMITED

In their own words

Cyber risk is difficult to define or predict. The situation is exacerbated by the insurance industry’s general lack of knowledge about effective security technologies and a reluctance from businesses to declare security breaches when they happen for fear of repetitional damage. Rating is only basis partially disclosed and widely scattered info. Cyber Insurance coverages & policy wording varies significantly which creates confusion for both the parties involved. The coverage are so new that understanding what the risks are today may not be the same as understanding what they are tomorrow in absence of platform which aggregates it all block by block. As a result, this lack of clarity is forcing insurers to focus on the limited set of security tools and risks that they understand, notably traditional security areas such as firewalls, anti-virus and DLP for stopping malware and data loss. All of this is forcing costs up as insurers attempt to mitigate their own exposure. The Cyberboxer’s platform delivers a probabilistic view by building profiles of portfolio & individual risks using models powered by AI integrating historical events, real time cyber hazards & vulnerability, helping underwriters understand cyber risk

Written by the company on its public Startup India profile. Not verified by us.