London-based Intangic MGA has launched its Intangic CyFi Dashboard, an early warning tool to provide companies with data-backed predictions for cyber breaches and to offer insurance. The tool helps companies calculate their breach and financial loss probability based on how well they block attacks relative to their peers.

Ryan Dodd, founder and chief executive officer of Intangic, said: “Within the insurance market, cyber is typically modelled as a low frequency, high severity event. But we know cyber attacks can be analysed as a high frequency risk. Through our new proven early warning capability, we are able to offer companies a next generation risk management program.

“We have collected data from 200,000 companies for over five years, and we have found that companies that are the worst at blocking attacks are more likely to experience sustained financial underperformance versus peers who are better at blocking cyber threats early.”

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