SecurityScorecard is the newest company to join the Big “I" Agents Council for Technology (ACT).
“The cybersecurity landscape is constantly evolving, with cybercriminals finding new and creative ways to capitalize on vulnerabilities as businesses lag on implementing risk mitigation," says Chris Cline, ACT executive director. “As essentially every business has cyber exposures, independent agencies are challenged with addressing the risk not only for their own business, but also for their customers. This can be daunting, and ACT is continually working to align resources and partners that offer tools and resources to help our members."
SecurityScorecard provides cybersecurity ratings to allow organizations to assess their security needs across 10 key factors. Founded in 2013, SecurityScorecard's patented security ratings technology is used by over 25,000 organizations for enterprise risk management, third-party risk management, board reporting, due diligence, cyber insurance underwriting and regulatory oversight. As the cyber insurance industry shifts to a proactive approach to risk management, SecurityScorecard works with independent insurance agents and brokers to identify clients' vulnerabilities and present more insurable risks to carriers, while improving communication during underwriting.
"Cybersecurity lacks standardized measurement, yet it is as essential to measure as blood pressure. With SecurityScorecard, our trusted security ratings create a common language, empowering companies to understand and mitigate risks effectively," said Andrew Correll, Senior Director, Cyber Insurability at SecurityScorecard. “As ACT unites insurance industry stakeholders to equip independent agents to get ahead of the onslaught of cyber threats faced by both clients and their own agencies, we are proud to partner with ACT to continue innovation in cyber risk mitigation."
Learn more about SecurityScorecard.
The Agents Council for Technology (ACT) was established in January 1999 by the Independent Insurance Agents & Brokers of America (the Big “I") to provide a candid, action-oriented forum to address the critical workflow and technology issues facing the independent agency system. ACT helps participants understand the perspectives of the other stakeholders in the process and provides excellent networking opportunities with the participants who are shaping the future for the industry on these issues.