“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk improvement efforts, make more informed cybersecurity investment decisions and better demonstrate cyber maturity to insurers.”Brent Rieth, Global Cyber Leader
DUBLIN: Global re/insurance broker AON today announced the launch of CyQu Marketplace, a new capability within its cyber risk offering designed to help businesses act on cyber risk assessment findings by connecting them with cybersecurity service providers and potential mitigation solutions to identified control gaps.
The new capability enables businesses to move more quickly from identifying cyber vulnerabilities to prioritizing and addressing the areas that could have the greatest impact on their cyber resilience. It also provides organizations with a way to demonstrate risk improvement efforts and progress to insurers as part of the underwriting process.
“Businesses today have greater access to cyber information than ever before, but many still face challenges turning those insights into action,” said Brent Rieth, Global Cyber Leader, Aon.
“As cyber threats continue to evolve, determining where to focus resources and which actions will have the greatest impact on reducing risk and supporting broader risk financing objectives has never been more critical. CyQu Marketplace helps clients prioritize risk improvement efforts, make more informed cybersecurity investment decisions and better demonstrate cyber maturity to insurers.”
The capability launches as cyber risk remains a leading concern for organizations globally. Aon’s recent Global Risk Management Survey found that cyber risk topped the global risk agenda and is forecast to retain the number one position through 2028. The research also found a 53% year-on-year increase in social-engineering incidents, alongside a 233% increase in social engineering and fraud claims, amid the rise of AI-enabled threats including deepfakes.
CyQu Marketplace helps bridge that gap and enables clients to:
-Identify potential risk improvement opportunities based on assessed cyber exposures and security control gaps.
-Prioritize and access cybersecurity services that may help address identified risks and improve resilience.
-Demonstrate cyber maturity and risk improvement efforts to support insurer engagement and underwriting discussions.
The capability strengthens the mitigation phase of Aon’s integrated cyber risk journey, helping clients assess, mitigate, analyze, transfer and recover from cyber risk.
Supporting Better Decisions Across the Cyber Risk Lifecycle
CyQu Marketplace forms part of Aon’s broader cyber risk offering which combines risk assessment, mitigation, analytics and risk transfer and recovery capabilities into an integrated client experience.
Underpinned by Aon’s data, analytics and market insight, the offering helps organizations better understand their cyber exposure, quantify potential financial impacts and evaluate risk management and financing strategies.
Solutions such as Cyber Risk Analyzer support organizations to model potential cyber loss scenarios and assess risk transfer options and better understand the financial implications of cyber risk.