AIG launches new cyber threat analysis

The analysis scores companies on the degree to which a cyber attack may affect their businesses and the potential costs of various cyber incidents

American International Group has ramped up its analysis for insuring against cyberattacks, using a system that scores a company’s risk of having a breach along with safeguards it has in place, the insurer said on Tuesday.

AIG’s underwriters have been using the computerized analysis since November, which combines information from a new insurance application designed for the process and data about current cyber threats to generate scores on various related factors, said Tracie Grella, AIG's global head of Cyber Risk Insurance, in an interview.

The analysis scores companies on the degree to which a cyber attack may affect their businesses and the