Cyber risk analytics provider CyberCube has allied with Kroll to launch a new incident response service for the cyber insurance industry.

The new offering, called the Cyber Aggregation Event Response Service (CAERS), is aimed at CyberCube’s clients who use its SaaS products. 

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CyberCube will leverage its partnership with Kroll to provide clients with information and guidance on cyber threats. 

Kroll provides data, technology and insights about risk, governance, and growth. 

Based on the incident response cases it handles, Kroll will provide frontline threat intelligence.

In an event of a cyber-attack, the CAERS team will brief CyberCube’s customers, and the SaaS offerings will aid in responding to the incident to mitigate risks. 

CyberCube head of cyber intelligence services Darren Thomson said: “With cyber events becoming increasingly common, the speed and accuracy with which organisations respond to them is critical.

“The pressure on our clients during a major cyberattack can be extreme. With CAERS, our team—comprising data scientists, actuaries, engineers, economists and cyber security experts—will become an extension of our clients’ teams, providing the updates they need and sharing both our expertise and data.”

Kroll cyber risk practice chief operating officer Benedetto Demonte said: “We are pleased to be contributing to CAERS because effective incident response depends on the most current and relevant threat intelligence available. 

“It is only with access to frontline intelligence that firms can prioritise resources, mitigate the risk of a cyberattack and react appropriately if the worst happens.”

Earlier this year, CyberCube joined forces with Ultimate Risk Solutions, which provides actuarial capital modelling to the re/insurance sectors.