Catastrophe risk modeling firm AIR Worldwide (AIR) today announced that it is collaborating with leading security risk and cyber data providers BitSight Technologies and Risk Based Security (RBS) to build an advanced cyber risk model. The AIR Cyber Risk Model will serve to help the insurance industry better manage the evolving threat of cyber-attacks by incorporating into the model 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.”
AIR Worldwide is a Verisk Analytics (NASDAQ:VRSK) business. AIR will leverage terabytes of data gathered by BitSight from sensors deployed across the Internet. This includes BitSight’s security ratings by industry, company size, and company headquarters location.
Source: Verisk Press Release