TSC Advantage, has announced that its patented Threat Vector Manager (TVM) technology is enhancing cyberrisk assessment and improving holistic security maturity for commercial organizations, critical infrastructure and the public sector.
In addition, through its partnership with leading global insurance underwriters and brokers, TSC Advantage is transforming pre-binding risk assessment, which supports cyberinsurance policies for the critical infrastructure market and for those focusing on cyberterrorism.
Improving enterprise security posture through holistic assessment
As all organizations struggle to defend against cyberattacks, TSC Advantage is informing an intelligence-based process that aligns resources against an entity’s highest priority threats. TVM, through its associated Enterprise Security Assessment (ESA) component, identifies trends, patterns and areas of elevated risk within enterprise environments and offers customers a comprehensive and holistic measurement of security controls across the following six top-level domains:
- Insider threat – Examines technical and non-technical precursors of risk from high-risk actors, events and behaviors from human beings throughout an enterprise ecosystem
- Physical security – Focuses on the potential for physical intrusion and unauthorized access to priority locations where sensitive information is stored and accessed
- Mobility – Explores vulnerability of data during foreign travel and from mobile devices
- Data security – Examines risks stemming from the use and defense of enterprise IT resources
- Internal business operations – Measures the effectiveness of initiatives that manage internal administrative vulnerabilities and critical assets resulting from personnel, organizational or business processes
- External business operations – Examines an organization’s security strategy, policies and procedures, and threat universe resulting from external engagements
- "With an increasing number of sophisticated cyberattacks arising from external dependencies, such as from third party vendors and trusted insiders, an effective security assessment cannot ignore human behavior in defense of cybersecurity, nor the financial or business constraints affecting security investments," said Sean Doherty, president of TSC Advantage. "The holistic approach in our ESA provides evidence-based and objective assessments of internal and external forces affecting a client’s security posture, and is not limited in scope by only focusing on a singular area, such as traditional endpoint concepts and other IT-centric solutions," Doherty said.
Transforming pre-binding risk assessment
TSC Advantage has partnered with more than a dozen insurance underwriters operating on the Lloyd’s of London exchange and worldwide insurance brokers to offer a new cyberinsurance product designed to address cyberliability exposures that arise within the utility and critical infrastructure sectors. Using TSC Advantage’s ESA risk assessment tool, insurance underwriters are afforded in-depth understanding of a pre-insured company’s holistic risk profile that considers the evolving sophistication of cyber threats and complexity of potential attack vectors.
"With the financial impact of cyber risk increasing every day, the cost of inaction leaves all organizations exposed to huge liabilities," said Tom Quy, a leading cyberinsurance broker with Miller Insurance Services LLP of London. "By working with TSC Advantage, we are pioneering a vastly improved methodology for cyberinsurance underwriting, which rewards mature cyber security postures and allows our customers the ability to receive insurance with the broadest coverage, fewest exclusions, and tailored to their individual threat profiles."