CloudCover has taken the first position to resolve the underwriting requirements to support and therefore insure data 'in-motion'.
Companies face the financial consequences from intercepted data and stolen information while in-transit or at-rest, resulting in the lack of business continuity and imposing disaster recovery costs. With so much at stake, risk managers require 24/7 loss control to proactively avoid online hazards.
Data risk classification and valuation is an imperative for the groundwork, born from development and research, is realized into real-time data risk.
Digital Risk Analysis is required before an enterprise may be data risk insurable.
A customer's industry risk posture, their Internet connection, their hardware and softwre use and infrastructure risks associated with exposures to data that may be handled, results in a CloudCover Risk Profile (CRP). This profile identifies security issues and privacy requirements associated with industry mandates, as well as methods for protecting sensitive data, both in-motion and at-rest.
It is said in the insurance industry, that loss-control is the 'eyes and ears' of underwriting. CloudCover brings clarity and hearing by employing real-time loss-controls and the underwriting expertise to the management of data risk, leading to IP Data Insurance.
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