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CloudCover Protocol = underwriting real time risk.The CloudCover Protocol is an enhanced cyber risk profile (CRP) assessment and CDI underwriting policy process. Our CRP risk analysis is the first step in underwriting data risk exposures mobile and cloud services which therein risk transfer "resolves" for real time in-flight transmission data at the packet level. Cybersecurity Data Insurance is the resulting cybersecurity insurance technology. 1. CDI Risk Profile (CRP): This is the beginning step in addressing eligibility for insuring data and complementing data protection. The CRP outcome leads to an independent "risk picture" that entails a "crawl" over an organization's entire internal and external data network, and identifies specific data security requirements and unique data risk assets, as well cloud services. This becomes the framework of the CDI Master policy's risk score (numerical risk appetite) formulating CDI underwriting. 2. CDI Underwriting Analysis: The purpose of the CDI risk analysis formulates loss projections of reasonable and adequate rates and premiums on an incremental data basis. The required practice underwriting (RPU) sub-group analysis is the evaluation of clients' overall risk posture, as well as the compliance that is required by industry and government mandates. We identify for underwriting purposes, additional loss mitigation, risk management posture from the RPU to further understand exposures, and thereby memorialize better risk procedures and methodology to which the client will be bound under terms of the CDI Master Policy. 3. CDI Certification & Submission: This is the certified engagement of the insurance-reinsurance markets. CloudCover also quantifies data values, including civil penalties and restitution (adjudication) to the client for the "transfer of risk" information between first and third parties which may affect data loss or financial harm if data encounters the data breach. It is deemed necessary for clients (and employees) to fully recognize that their company`s data has real value and that (CDI) premiums are paid to protect this data. 4. CDI Technology: Once an organization is CDI underwritten and certified, the CDI cybersecurity insurance platform is deployable. This formal process is real-time, risk mitigation technology employing granular-policy packet inspection and CDI insurance (tagging) wrapper. CDI real-time monitoring, online dynamic auditing, reporting, claims, data forensics, data recovery and adjudication function in unison. Insured business continuity (data) is the direct benefit from the CloudCover Protocol. Once CDI is deployed, the organization's data cloud services as well as their customer's first-party personal identifiable information (PII) have become incrementally identified, secured and insured under CDI. The protective insurance provisions with privacy, security control at the packet level is contained within the CDI policy rules and technology established as best practice within CloudCover's risk transfer protocol. Learn more >> |
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Copyright © 2015 All rights reserved. Registered ® indicates USA and Bermuda trademark registration. Other brand and product names are trademarks of their respective companies. CloudCover product-service names are trademarks of CloudCover IP, LLC and all rights are exclusive to CloudCover, Ltd. globally and in the USA. |
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