CyberCube, a provider of cyber risk analytics for the insurance industry, has revealed a partnership with Galahad Risk Solutions, a specialist brokerage founded by industry veteran Ben Beeson.
This collaboration marks a significant step in “helping small to medium-sized enterprises (SMEs) and middle market (MM) organizations better understand and manage their exposure to cyber risk.”
Founded by Beeson, a key player in the cyber insurance space, Galahad Risk Solutions is a specialist insurance broker, aiming to “bridge the gap between cybersecurity and insurance, helping companies identify vulnerabilities, strengthen controls, and secure tailored coverage.”
As part of this partnership, Galahad Risk Solutions will leverage CyberCube’s Broking Managerand Prep Module solutions to “help clients visualize and quantify the potential financial impact of a cyber event.”
This will enable Galahad to better educate its clients and “empower them to make informed decisions about their cyber resilience and insurance needs.”
Ben Beeson, Founder and CEO of Galahad Risk Solutions said:
“SME and middle market companies face increasing cyber threats but often lack the tools and resources to understand their financial exposure. CyberCube’s analytics capabilities will be invaluable in helping us bridge that gap and support our clients with clear, data-driven insights.”
CyberCube’s Broking Manager is the industry’s cyber risk analytics platform for brokers, “enabling client reporting and loss modeling.”
Combined with Prep Module – designed to identify potential cyber issues before the placement or renewals process begins – Galahad will “be positioned to deliver advisory-led cyber insurance services.”
As covered, CyberCube is a provider of software-as-a-service cyber risk analytics that quantifies cyber risk in financial terms.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company.
CyberCube is the firm focused on cyber risk quantification for the insurance industry, “serving over 100 insurance institutions globally.”
The company’s investors reportedly include Forgepoint Capital, HSCM Bermuda and Morgan Stanley Tactical Value.