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XL Catlin said Monday that its cyber & technology insurance business has launched CyberRiskIQ.com, an online portal that helps address data breaches.
CyberRiskIQ.com is an online portal that provides information about cyber threats and network security perils. Its resources help to understand risks and lessen the outcome of a cyber-security incident, XL Catlin said in a statement.
Some of the features of CyberRiskIQ.com include a cyber liability library that contains articles and videos by XL Catlin and product and policy information, a news center, and a learning center with best-practices articles, white papers and webinars from XL Catlin. The portal also has a risk manager’s toolbox that provides self-help for managing cyber risk, a cyber-risk assessment survey, and breach notification guides, according to the statement.
“Cyber threats and data breaches are continuing to increase in both magnitude and sophistication. Industry and world leaders are calling upon company executives and governing boards to make cyber security a top priority. As a result, our clients need to be prepared to respond to the latest threats and more importantly, have the resources to help them successfully navigate potentially catastrophic circumstances,” John Coletti, chief underwriting officer for XL Catlin’s cyber & technology group in North America said in the statement.
XL Group P.L.C. on Monday reported a drop in third-quarter earnings of more than 60% as it absorbed costs from its integration with Catlin P.L.C. and losses from August's port explosion in Tianjin, China.