Copyright © 2002 Business Insurance

"Web Tool Gauges Cyber Risk" May 13, 2002

PORTSMOUTH, N.H. -- A new Web-based tool aims to help risk managers assess their exposure to cyber attacks. 

RiskInsure, developed by Portsmouth, N.H.-based Cogentric Inc., measures the potential damage to electronic information from hackers, viruses and current or former employees.  The Web-based interface guides the user through questions regarding security procedures and business operations, and RiskInsure produces a plan to correct vulnerabilities. 

The results can also provide risk-related information for underwriters and brokers that offer cyber insurance policies. 

"Cyber insurance, an emerging multibillion-dollar market in annual premium, lacks the loss history and market data of other types of traditional insurance policies," Cogentric President and Chief Executive Officer William Fandrich said in a statement.

More information on RiskInsure is available at www. cogentic.com.

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