Cyber analytics provider CyberCube has released an updated version of Portfolio Manager, a cyber risk platform for insurers, reinsurance brokers and reinsurers. Portfolio Manager allows insurers to stress test reinsurance portfolios against a spectrum of cyber-related scenarios, including data breaches, cloud outages, global ransomware attacks and financial fraud.
The tool, first launched in 2018, was the world’s first fully probabilistic cyber catastrophe model. CyberCube said that it has worked with leading market participants over the last two years to develop the latest edition of the cyber catastrophe model.
“An increase in the reliance on the cloud across most industries has