Rethink Cyber Security - Risk Management
LIFEBLood – The innovative solution for intelligent and automated cyber risk management
Due Diligence
Assessment of cyber risks as part of due diligence
Challenges of the insurance industry
Insurance companies currently use only traditional manual methods to assess the security situation of policyholders and potential applicants in order to determine their infrastructure and risk. At present, insurers rely on questionnaires, penetration tests or on-site assessments to get an overview of a company’s cyber risk.
Although these methods are tried and tested, they only provide a snapshot and are both time-consuming and costly.
Ideally, LIFEBLood provides the insurance industry with a year-round, permanent risk assessment with monthly, freely definable reports. This allows the underwriting process to be optimized and made more efficient, as our solution offers the insurance industry a permanent, automated, data-driven solution.
How LIFEBLood can add value in the context of due diligence!
LIFEBLood typically checks the following topics:
Review of the IT infrastructure
Analysis of network security, server systems, end devices and cloud solutions for potential security vulnerabilities.
Assessment of security guidelines and processes
Examination of existing security policies, emergency plans, access controls and regular audits.
Risk management
Identification and assessment of risks related to data security, data protection and compliance requirements (e.g. GDPR, HIPAA)
Vulnerability and threat assessment
Conducting penetration tests and vulnerability assessments to identify possible points of attack
Assessment of compliance
Ensuring that the company meets all relevant security and data protection requirements.
This IT security assessment is crucial for identifying potential risks at an early stage, ensuring data integrity and guaranteeing that the company has all the necessary technical and organizational structures in place. It is of great value to both investors and company directors, as it helps them to make informed decisions and take appropriate risk-mitigation measures.
Challenges for investment funds and M&A
The requirements of the M&A (mergers and acquisitions) process for a cybersecurity assessment of the company to be acquired aim to identify potential risks and vulnerabilities in the IT infrastructure and digital assets of the target company. This assessment is crucial to avoid financial losses, legal consequences or reputational damage after the acquisition.
While questionnaires, IT audits and penetration tests provide a certain overview of security practices, these methods are often time-consuming and only provide a snapshot of the current security situation.
Transparency and comparability through the quantification of cyber risks
LIFEBLood provides accurate, data-driven analysis of companies external IT security posture. These precise security ratings make it possible to identify critical cyber risks at an early stage in M&A transactions and investments.
LIFEBLood’s user-friendly SaaS platform enables companies to efficiently monitor the security of their investment portfolios. Dynamic reports and detailed security metrics provide a clear and comprehensive overview – without the need for specialized IT security knowledge! LIFEBLood provides reliable information for evaluation in the shortest possible time. Simplify the evaluation process with LIFEBLood.
Our customers about RIMIAN and LIFEBLood
LIFEBLood is an intuitive and easy-to-use tool that can map the entire chain in the management of IT assets. The tachometers for technical and organizational weak points provide a highly simplified view of the complex connections and dependencies of business processes, IT services and the affected assets, showing where action is needed.
V-Bank Munich
LIFEBLood enables us to comprehensively map the dependencies between our business processes and IT systems, identify weak points at an early stage and effectively minimize risks. This holistic overview is invaluable for our company
Funk3D
If we have aroused your interest, please do not hesitate to contact us.
We look forward to presenting LIFEBLood and its many advantages to you. Make an appointment today for a live demo or contact us directly via our contact form.
