Blackpanda and CyberCube Collaborate to Bring Cyber Risk Analytics to Brokers Across Asia

Blackpanda, described as Asia's leading cyber incident response company, confirmed a collaboration with CyberCube to bring cyber risk analytics to brokers across Asia. The collaboration pairs CyberCube's Broking Manager platform with Blackpanda's incident response presence in the region. Brokers gain the analysis to advise clients on cyber cover, and their clients gain a local team to call when a cyber incident happens. Brokers in Asia can request an introduction to Broking Manager through Blackpanda.

According to the announcement, cyber risk models used across Asia have typically been benchmarked against a single global average. Broking Manager, CyberCube's cyber risk analytics platform for brokers used across 40 countries, includes an APAC regional view alongside its loss severity, incident frequency, and security posture benchmarks, so peer comparisons reflect the markets that brokers' clients operate in.

The collaboration has four strands: Blackpanda will introduce brokers across Asia to Broking Manager; Blackpanda will license Broking Manager for use with its own broker relationships; Blackpanda's incident response team is available to support brokers' clients during live cyber incidents; and CyberCube has licensed Blackpanda's aggregated, anonymised incident data for future regional research.

Gene Yu, Founder and CEO of Blackpanda, said clients are asking their brokers harder questions about cyber exposure and how much cover is enough, and that Broking Manager gives brokers a structured way to answer them. He said clients can call on Blackpanda's responders, recognised by Frost & Sullivan as Asia-Pacific's incident response Company of the Year for three years running. Nate Brink, Head of Broker Sales & Account Management at CyberCube, said brokers across Asia have told CyberCube for years that a single global benchmark doesn't reflect what they see in the market, and that the partnership brings Broking Manager's regional benchmarking to brokers across Asia, backed by Blackpanda's reach and incident response expertise in the region.