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Real-time risk mitigation is the basis of CDI, that employ our dynamic risk transfer solution. Best compliance guidelines, standards and UTM proactive risk practices are required proceedures within the CloudCover Protocol.
All risk anaysis, UTM design, risk mitigation implementation, technical support, and maintenance are based on this foundation in order to have any practical method of comprehensive, insurable business continuity, disaster recovery, or in some cases, back-up liability and financial support. The first step into the CloudCover world of risk management is sometimes confused with disaster recovery, but they are separate entities. The CRS Risk Analysis is in fact, the first play toward true, real-time data insured exposure that lead to the ultimate desired solution: insured data enterprise.
1) CRP Analysis: This is the beginning step in addressing eligibility for insuring data and complementing data protection. A Required Practice Underwriting (RPU) sub-group assessment is the evaluation of clients' overall risk posture, as well as the compliance that is required by industry and government mandates. The RPU outcome lead to the independent CloudCover Risk Profile that identifies specific data security requirements and privacy risk appetite.
(2) Client Bonding: provides for civil penalties and restitution to the client for illegal transfer of information to third parties which may cause client loss or financial harm. It is deemed necessary for clients and their employees to fully recognize that their company`s data, designs, proprietary processes and other types of digital intellectual property have "real value" and that the client has paid "real dollars" to develop this information.
3) Underwriting Submission: This is the engagement of the risk markets. The purpose of the Digital Risk Analysis formulates loss projections of reasonable and adequate rates and premiums. We identify for underwriting purposes, additional loss mitigation, risk management posture from the RPU (CloudCover Risk Profile) to further understand exposures, and thereby memorialize better risk procedures and methodology to which the client will be bound under terms of the IPDI master insuring contract.
4) Cloud Data Insurance: This formal process is real-time, risk mitigation employing (patented) granular-policy formation and CDI risk wrapper. The CDI protocol is 24/7 real-time monitoring, online dynamic auditing & reporting, claims, data forensics, data recovery and adjudication. (U.S. patents issued and international patents pending)
Insured Business Continuity (IBC) is the comprehensive outcome (benefit) that results from the CloudCover Protocol steps to certification as described above. The additional IBC result is an alligned 24x7 insured data center with backup data recovery operations. CloudCover's IBC is a company's complete insured data infrastructure for safegaurding digital assets. Once an organization is IBC Certified their online data center, business enterprise, and their customer's Internet data exposures have become protected under CloudCover.
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