CORVUS INSURANCE PREEMPTIVE PROTECTION FROM CYBER WARFARE

When War Broke Out In Ukraine

in February 2022, many feared that Russia would continue to deploy aggressive cyber warfare tactics against Ukraine, as it had done in the lead-up to the invasion. Such malware attacks often lead to spillover effects on organizations that were not the original target, including businesses that have only limited IT networks in the area and consider themselves safe.

As warnings of the invasion ramped up, Corvus used its proprietary IT scanning technology to closely monitor the level of exposure to its cyber insurance policyholders in Ukraine, Russia, and Belarus. When the war escalated, Corvus reached out to policyholders and proactively recommended that the organizations segment their environments or move services outside the high-risk countries.

After implementing this strategy, Corvus saw a material reduction in exposure among its policyholders that increased with each month. Many of its customers took quick action to re-host or decommission their infrastructure, resulting in a full 50% reduction in direct IT exposure to the war in Ukraine among Corvus policyholders.*

NO DIGITAL INFRASTRUCTURE IS EVER IMMUNE FROM ATTACK AS LONG AS IT’S CONNECTED TO THE WEB.

In this case, Corvus proactively helped a number of organizations address an acute and serious risk, and its customers were safer as a result.

00.0% 07.9% EXPOSURE REDUCTION IN JANUARY EXPOSURE REDUCTION IN FEBRUARY

01.9%

Exposure Reduction In March

00%

Exposure Reduction In April

*For this finding Corvus developed a list of all policyholders with IT infrastructure hosted in Ukraine, Russia, and Belarus at any time from October to December of 2021, and compared the exposure of the same list each month thereafter.

WE ASK OURSELVES EVERY DAY: IS WHAT WE’RE DOING PRODUCING A SAFER WORLD?

Phil Edmundson

FOUNDER AND EXECUTIVE CHAIR, CORVUS INSURANCE