Lloyds of London Insurance Syndicate mandates Trusted Sender Score to help mitigate successful cyber security attacks

MELBOURNE, Australia – October 6, 2020

The Lloyds of London syndicate responsible for Worlds leading cyber security insurance product, Data Insurance, has appointed and will mandate Trusted Sender Score as the default email cyber security metric for organizations wishing to purchase their innovative and ground breaking cyber indemnity insurance product.

With successful cyber-attacks creating a nightmare for insurance companies, the Lloyds of London syndicate member, Cyber Indemnity Solutions, identified Trusted Sender Score as the most feasible and credible way to help organisations prevent a successful attack.

According to industry reports up to 92% of successful cyber security attacks begin with an business email compromise attack An organisation with a Trusted Sender Score of 7 that has completed the self-serve tasks is unlikely to suffer from such an attack.

“Partnering with Zulu Labs and mandating their Trusted Sender Score is an important milestone in the cyber security insurance industry. The team at Zulu Labs understand email like no other and their research into protecting domains from being used in a spoof phishing attack, the effect that has on emails users and the resultant effect that a domain reputation is the only research of its kind.” said Cyber Indemnity Solutions CEO Greg Hodkiss.

Other members of the Lloyds of London syndicate includes key Global insurance giants Munich Re and American Insurance Group (AIG).

The process to purchase the Data Insurance cyber indemnity product is a simple multi-step process. Part of that process is the requirement for a organization to have every internet domain owned by that organisation to be declared and have a Trusted Sender Score or 7 or more. Dropping below a score of 7 creates too many vulnerabilities and therefore the insurance may possible my invalid.

The Trusted Sender Score process was been designed so that an internet domain owner, email administrator or someone of similar skills can follow the step by step process be compliant within 30 minutes or less.

An interface for insurance assessors and for insurance brokers is an essential part of the service provided by the Trusted Sender Score application which takes snapshots and provides alerts if their domain falls beneath the minimum requirement.

“Our fight against business email compromise attacks, SPAM and irresponsible email management is a labour of love. We are most delighted that we have been able to partner with such a progressive organisation such as Cyber Indemnity Solutions and their syndicate members. As I have said in the past, there is no reason for any email user to suffer from an email attack again and this appoint goes a long way to progressing that vision.” said David Barnes, Zulu Labs CEO and Founder.

Implemented correctly using Trusted Sender Score, the email domain trust standard, DMARC can and will prevent targeted phishing emails, malicious (spoof) emails and other sinister emails that affects millions of people across the World daily.


ENDS

Media Enquiries
David Barnes
support@zululabs.com

Greg Hodgkiss
info@cyberindemnitysolutions.com