CyberCube

CyberCube delivers data-driven cyber analytics built specifically for the insurance industry and individual risk underwriting. The CyberCube platform was established in 2015 by Symantec to apply the cyber security company’s sources of data and insight to cyber insurance analytics, and now operates as a standalone company with continued access to Symantec data and resources.

CyberCube's Software-as-a-Service platform helps companies manage and mitigate cyber risk by providing insights on companies around the world, as well as offering modelling on over 1,000 single points of technology failure. The platform enables companies to create customisable views of risk through personalised configuration frequency and severity controls, measure the probability and loss potential of cyber attacks on insurance portfolios, and benchmark a company's cyber risk exposure.

In February 2019 CyberCube partnered with Munich Re to support the corporate's quantification, modelling and control of cyber accumulation risk. A few months later, in June, CyberCube also collaborated with Aon, providing its cyber (re)insurance solutions to its insurance carrier clients and prospects.

In November 2019 CyberCube raised a $35m Series B round led by Hudson Structured Capital Management. The funding will be used to expand the breadth of its go-to market efforts.

In January 2020 CyberCube partnered with Hiscox, enabling the latter to have access to CyberCube's portfolio manager product.

In March 2020 CyberCube announced it had secured more funding, raising its previously announced 2019 Series B round to $40m. Additional investors were MTech Capital and investors from Stone Point Capital.

In August 2021 Tokio Marine announced a partnership with cyber risk analytics specialist CyberCube. Through the agreement, Tokio Marine has gained access to a number of CyberCube's products including Account Manager, Portfolio Manager and other cyber modelling solutions. This is the most comprehensive deal that CyberCube has forged so far with an Asia-headquartered insurance institution.

In November 2021 Corvus Insurance partnered with CyberCube, leveraging the latter's Portfolio Manager to better analyse and understand cyber risk. It will also use CyberCube's Single Point of Failure model and Attritional Loss model.

In January 2022 Cyber CyberCube collaborated with Lloyd's to design three cyber-specific scenarios to be used as Lloyd's of London's annual Realistic Disaster Scenarios exercise. The three scenarios include a widespread malware attack, cyber power outage and cloud outage event, which will help Lloyd's managing agents and syndicates to stress-test their portfolios of cyber risk. The mandatory stress tests enable Lloyds to assess each market's financial resilience.

In May 2022 cloud insurance software solutions provider Majesco announced it was partnering with CyberCube. Under the agreement, CyberCube's solutions will be integrated with Majesco's Policy for P&C in order to automate cyber risk assessments, using expanded sources of data, signals and models for risk modelling, rating and underwriting.

Also in May 2022, Cybercube partnered with corporate risk consultancy Kroll in order to launch a new feature, Cyber Aggregation Event Response Service. CAERS will provide Cybercube's clients with a team of experts who can offer information and guidance following a major cyber catastrophe. Cybercube has also recently updated its Portfolio Manager cyber risk modeling platform to keep up with the latest cyber trends, including cloud outage and mass malware.

Later in November 2022 Cybercube teamed up with Elpha Secure, a cyber MGA, to provide its risk analytics tools to the company. Then in December of the same year the company secured $50m in growth capital. 

In August 2023 the company extended its partnership with Lockton Re, the reinsurance arm of the world’s largest privately held independent insurance broker.