CyberCube Analytics Emerges from Stealth Mode, Providing the First Inside-Out View of Risk Exposure for the Cyber Insurance Industry

CyberCube Analytics, an innovator in cyber risk analytics for the insurance industry, today announced that it has emerged from stealth mode, backed by investment from Silicon Valley based investor Trident Capital Cybersecurity and by technology developed by Symantec Corporation. The CyberCube team brings together experts in insurance, risk modeling and cyber security to provide the industry’s first risk modeling platform that provides an inside-out view of risk exposure to cyber insurers, reinsurers and reinsurance brokers.

“Cyber insurance is one of the fastest growing insurance lines to emerge in decades, expected to reach $20 billion in premium revenue by 2025,” said J. Alberto Yépez, co-founder and managing director at Trident Capital Cybersecurity. “But the market is constrained by the lack of robust analytics to price cyber risk or understand systemic risk. We are creating the industry standard platform to address these challenges for cyber insurers.”

CyberCube also announced today the general availability of its risk modeling platform, which processes terabytes of unique data sets and applies multidisciplinary analytic methods. As part of the company’s launch, Symantec has contributed technology assets, developed in collaboration with leading insurance underwriters, in return for an equity stake. In addition, Symantec will provide an exclusive, proprietary telemetry data license to augment CyberCube’s risk models. The investment will be managed under the Symantec Ventures portfolio.

“Symantec Ventures was created to be a catalyst for critical breakthroughs and innovation in the cyber security industry,” said Symantec CEO, Greg Clark. “We are excited about CyberCube’s ability to address the needs of the cyber insurance market and believe that they are well positioned to realize the full potential of this large opportunity. We partnered with Trident Capital Cybersecurity to launch CyberCube because of their proven success in growing cyber security companies.”

“Cyber is one of the most important risks facing society in the 21st century and therefore it is one of the most important risks facing the insurance industry,” said Pascal Millaire, CEO of CyberCube. “With the backing of Trident Capital Cybersecurity and Symantec Ventures, CyberCube is uniquely positioned to help insurers underwrite and model cyber risk in a way that no one else can.”  

Sam Brake Guia

Sam is an energetic and passionate writer/presenter, always looking for the next adventure. In August 2016 he donated all of his possessions to charity, quit his job, and left the UK. Since then he has been on the road travelling through North, Central and South America searching for new adventures and amazing stories.

View Comments

Recent Posts

This AI Copilot Doesn’t Wait for Prompts — It Thinks Like a Hacker

Hey HackerNoon, it’s Kuwguap again. A while back, I wrote about building RAWPA, my AI…

3 days ago

How Humanity Engineered Thought: From Ancient Fire Circles to ChatGPT

Delivering truth was never about facts. Throughout history, from traditions to search engines and now…

3 days ago

People who grow up around robots may develop feelings for them, lose ability to socialize: WEF ‘Summer Davos’

Will we merge ourselves so intimately with technology that it becomes so much a part…

4 days ago

City of Seville welcomes the return of Techstars Startup Weekend

Techstars Startup Weekend Seville has announced that it will celebrate its 29th edition this June…

5 days ago

Meet agentic AI: Your AI agent just leveled up to teammate (Brains Byte Back Podcast)

You’ve probably been coming across the term “agentic AI” a lot more recently, and in…

6 days ago