Chubb and NetSPI Launch Cyber Protection Partnership

Chubb has announced an innovative collaboration with NetSPI, a global leader in proactive security, to strengthen clients' cyber-risk profile via enhanced attack surface management and penetration testing solutions.

Source: Chubb | Published on December 13, 2023

Insurers on cyber insurance standardization

Chubb has announced an innovative collaboration with NetSPI, a global leader in proactive security, to strengthen clients’ cyber-risk profile via enhanced attack surface management and penetration testing solutions.

Chubb policyholders in the U.S. and Canada can take advantage of NetSPI’s full portfolio of proactive security solutions, including Breach and Attack Simulation (BAS), Attack Surface Management (ASM), as well as a suite of comprehensive penetration testing offerings, at preferred pricing, subject to applicable insurance laws. NetSPI’s suite of solutions can be tailored to support any size business across all industries.

“This collaboration with NetSPI provides clients with peace of mind, enabling them to identify vulnerabilities, security issues, and exposure to risk before it escalates into a claim,” said Craig Guiliano, Vice President of Cybersecurity Threat Intelligence at Chubb. “This value-added solution is part of Chubb’s efforts to proactively identify cyber exposures that are difficult to detect using common scanning tools and to more broadly strengthen our policyholders’ security posture.”

“We’re thrilled to empower Chubb clients to proactively confront cyber threats,” said Aaron Shilts, President and CEO of NetSPI. “Too often we see companies forced to react after incurring losses from cyberattacks that can severely impact their finances and reputation. Chubb understands the value of ensuring clients enhance their security apparatus and minimize their susceptibility to risk.”

An advantage to the Chubb policyholder stemming from this partnership is the access to NetSPI’s industry-leading proactive security technology and expertise allowing Chubb policyholders to keep pace with an ever-evolving risk environment.

As part of this collaboration, select Chubb clients are eligible to access NetSPI’s Attack Surface Management (ASM) platform at no cost. This solution continuously evaluates client attack surfaces for exposures and vulnerabilities. It utilizes its penetration testing expertise to decrease the probability and impact of a costly cyberattack, provide actionable insights for attack surface reduction, and decrease false positives to help teams prioritize remediation. ­

Chubb offers insurance coverage for data breaches, network security, and other cyber risks, for over 20 years. With these new policyholder offerings, Chubb Cyber Insurance further provides more value-added benefits at a time when organizations are playing defense against the threats of data breaches, business interruption and reputational risk following a cyber incident.

Chubb policyholders interested in learning more about NetSPI’s offerings and rates can submit a request via Chubb Cyber Services page here. For further information about Chubb Cyber Insurance, please visit here.