JLT Speciality has partnered with academics at Stanford University to build a comprehensive cyber breach data set that will enhance JLT’s cyber modelling capabilities.
The cyber breach data set will be a key tool used to enhance JLT’s cyber cost and volatility analysis model.
The model considers many factors that contribute to the frequency and severity of cyber losses in the calculation of potential loss scenarios.
Mike Giacobbe, head of analytics and consulting at JLT Specialty USA, commented: "We value the importance of robust data where it makes a positive impact on our clients' businesses, and partnering with faculty and researchers at Stanford to build [a database that] will make our approach to understanding cyber risk even stronger.”
George Triantis, professor of law at Stanford Law School and faculty co-director of the Stanford Cyber Initiative, added: "The combination of JLT's cyber experience with our research expertise will make for a superior data set that the community is seeking.”
