Liberty International Underwriters (“LIU”), part of Liberty Mutual Insurance, said that it has collaborated with BitSight Technologies to provide LIU data insure policyholders with up-to-date ratings on their company's information security health to help better protect their sensitive business and customer data.
Through LIU's data insure coverage, policyholders will have access to BitSight Security Rating Service, which delivers timely, data-driven analysis of a company's security performance, LIU said. BitSight continuously analyzes, rates, and monitors companies' security postures, all from outside the company. Policyholders do not need to provide information and there is no intrusive testing involved. New ratings are generated on a daily basis, giving continuous visibility into the security of a company's data, according to the company.
“Risk mitigation for cyber exposures does not begin and end with an insurance policy,” said Oliver Brew, the vice president of privacy and technology for LIU. “To truly help policyholders protect against cyber threats, we need to work with agents and brokers to provide services that actively mitigate the constant threat posed by hackers. By identifying potential attacks before they escalate, BitSight's innovative technology increases our policyholders' ability to avoid or reduce the consequences of a data breach.”
LIU said that by tracking and analyzing publicly observable security events daily, such as malware distribution or communication with known botnets, BitSight Security Rating Service alerts LIU to unusual behaviors, allowing LIU to notify the broker and policyholder of the activity.
Learn more: www.libertymutualinsurance.com.

