Aon said it has expanded the scope of a cyber risk assessment methodology it has developed to help address exposures of remote work. A division of AmTrust Financial Services is launching a new Commercial Crime product.
Aon has expanded the scope of CyQu Enterprise, a cyber risk assessment methodology, to help analyze the cybersecurity impacts of recent network access or policy changes businesses have made to accommodate the increase in remote working due to COVID-19.
CyQu is an automated cyber self-assessment designed specifically for small-to-midsize businesses. After completing a short survey, businesses receive an automated CyQu Score, which is benchmarked against industry peers, with a snapshot of the business’s reported cyber maturity and exposures across nine security domains. These areas now include remote working alongside data security, access control, endpoint and systems security, network security, physical security, application security, third-party exposure and business resilience.
For many companies, even when return-to-work programs are implemented, increased levels of remote working will remain the norm, according to Aon, which adds that this has already been proven to expose vulnerabilities that can create opportunities for cyber attackers to gain access to networks and sensitive information. CyQu helps to uncover these vulnerabilities and identify key areas of improvement to prioritize in order to enhance cybersecurity, the company said.
A division of AmTrust Financial Services is launching a new Commercial Crime product.
AmTrust Exec, which offers management liability products, said its new monoline Commercial Crime cover would be offered for a wide range of medium and large-sized businesses. It covers loss from employee and third-party theft of money, securities and other property, including employee theft, computer and electronic funds transfer fraud, fraudulent impersonation and clients’ property.
AmTrust Exec is a new division that was formed in January 2020 when AmTrust’s Corepointe Insurance Agency acquired Itasca, Ill.-based Euclid Executive Liability Managers LLC. The division offers products such as Directors & Officers Liability, Employment Practices Liability and now its new Commercial Crime policy, among other coverages.
Sources: Aon, AmTrust Financial Services