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Japan-Update

Japanese insurers pair with Verizon to gauge cyberattack risks

New service uses big data to put numbers on issues

TOKYO -- Japan's Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance are teaming up with Verizon Communications of the U.S. to launch a risk assessment service for cyberattacks next month.

The jointly developed service will mainly ask companies about their cybersecurity measures. Risks will be analyzed and quantified using Verizon data on more than 40,000 attacks, accidents and leaks. The survey will cover system vulnerabilities and weaknesses in information management in addition to such technological aspects as network surveillance.

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