The latest addition to our Response app complements existing single-click risk management tools
London, UK (Sept. 8, 2021) – CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, is pleased to announce the addition of a new phishing simulation tool to its award-winning mobile app, Response.
The phishing tool allows users to run a simulated phishing campaign against a targeted list of colleagues whose credentials have been exposed on the dark web.
“Phishing emails are the entry point for roughly a third of the cyber claims we see, hitting organisations of all types and sizes. Businesses can get caught up in a mass campaign, or it could be the first step in a more targeted attack,” said CFC’s Cyber Claims Director, Roger Francis. “Our new tool, available for free on our Response app, provides our cyber and tech policyholders with a simple and easy-to-use capability to combat the human vulnerabilities in their business, helping their teams to identify and prevent phishing campaigns.”
From one click on the app, users can prompt the sending of faux phishing emails. Targets that erroneously click are redirected to an educational page where they can learn how to identify and prevent future phishing attacks and social engineering campaigns.
Users are subsequently sent a campaign summary via an in-app notification after two weeks, identifying who got phished. In keeping with the frictionless user journey, a new simulated campaign will run for the client each month whilst the tool remains active.
“This new feature complements the existing single-click risk management tools already available – Deep Scanning and Dark Web Monitoring – making it easy for businesses across every industry to access and implement hugely valuable risk mitigation strategies,” Francis continued. “Since its launch less than a year ago, thousands of our policyholders have downloaded the Response app and we are seeing a positive impact on cyber claims both in terms of frequency and severity.”
CFC’s Response app provides proactive security alerts to customers based on information CFC’s threat intelligence team gathers through its continuous monitoring of the entire customer base. It also allows users to get free advice from CFC’s large in-house cybersecurity team through an “Ask the Expert” function, and quickly notify any cyber incidents for immediate technical support.
You can learn more about the CFC cyber product and Response app here.
CFC is a specialist insurance provider and a pioneer in emerging risk. With a track record of disrupting inefficient insurance markets, we use proprietary technology to deliver high-quality products to market faster than the competition while making it easier for brokers to do business. Our broad range of commercial insurance products are purpose-built for today’s risks, and we aim to give our customers everything they need in one, easy-to-understand policy.
We’re on a mission to radically simplify the way business insurance is bought and sold. To do that, we challenge assumptions, innovate constantly and use technology to drive change in our markets.
Headquartered in London and backed by Lloyd’s, CFC serves more than 70,000 businesses in more than 80 countries.
For more information, visit www.cfcunderwriting.com.
SOURCE: CFC UnderwritingTags: App, CFC Underwriting, cyber risk, fraud, launch, mobile app, phishing