Cyber Security Cloud, Sompo Japan, Sompo Risk, and FA Launched a Joint Research Venture to Develop Insurance Products and Related Solutions Using Big Data

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Cyber Security Cloud, Inc. (CSC) is pleased to announce that it will begin a joint research venture with Sompo Japan Insurance Inc., Sompo Risk Management Inc., and Financial Agency, Inc. (FA) to develop insurance products and related solutions using big data of cyber-attack detections obtained from CSC's cloud-based WAF "Shadankun", and "WafCharm", a service for automation of AWS WAF using AI.

In the age of after-corona, cyber risks for enterprises are expected to increase along with the growing demand for online solutions due to the rapid increase in people working from home. In addition, due to the increasing severity of cyber-attacks, which are becoming more and more complex every year, cyber risk is now considered a serious risk for corporate management. However, there are many cases where security measures are inadequate due to the lack of an accurate understanding of the company's cyber risks, making appropriate security measures an urgent issue.

Against this backdrop, Cyber Security Cloud provides services such as "Shadankun", the cloud-based WAF that has been ranked No. 1 in terms of adoption rate in Japan *1, and "WafCharm", an AI-based AWS WAF rule-automation service. And through these services, it has obtained more than 1.3 trillion *2 of big data of cyber-attack detections on corporate websites.

Sompo Japan Insurance Inc. and Sompo Risk Management Inc. provide comprehensive cyber insurance and cybersecurity solutions to protect against cyber risks in business activities.

Financial Agency, Inc., a DX (Digital Transformation) insurance company, designs, develops, and provides cyber insurance as a joint service provider for security-related companies to enhance the competitiveness of their products and services through rich digital marketing solutions.

This time, the 4 companies will begin a joint research venture to develop insurance products and related solutions utilizing the 1.3 trillion big data possessed by CSC. By analyzing this accumulated big data on past cyber-attacks, the researchers will quantify the cyber risks surrounding domestic companies in recent years, and by analyzing the newly acquired attack detection data during the joint research period, they will be able to quickly identify trends in cyber risks in the after-corona era, leading to the development of new insurance products and related solutions.

Through this initiative, CSC is planning to support cyber risk management for corporate activities in the after-corona era, as well as continue to educate people about the risks on the web and develop more appropriate services.

■ About Shadankun
Cloud-based WAF "Shadankun" is a web security service that detects and blocks cyber-attacks on websites and web servers. Utilizing Cyneural, an attack detection AI engine using deep learning, it detects general attacks as well as unknown attacks and false-positives at high speeds, while Cyhorus, one of the world's leading threat intelligence teams, quickly responds to the latest threats. Also, it has been ranked No. 1 in Japan in terms of adoption rate. *1

For more information, please visit https://www.shadan-kun.com/

■ About WafCharm
WafCharm is a service for automation of AWS WAF operations using AI & Big Data. It is equipped with an AI engine "WRAO" (Patent No. 6375047) that automatically selects the most optimal WAF rules using machine learning, based on trillions of Big Data cultivated through in-house developed cloud-based WAF “Shadankun”, which has No. 1 adoption rate in Japan. *1

The cyber threat information monitoring team of security researchers "Cyhorus" responds quickly to the latest threats, and by offering individual customization by top-class security engineers with flexible services tailored to the needs of customers, WafCharm has made AWS WAF operations easier for users. It is available to over 1 million AWS users in over 190 countries.

For more information, please visit https://www.wafcharm.com/en/

■ About Cyber Security Cloud, Inc.
With an aim to create a secure cyberspace that people around the world can use safely, Cyber Security Cloud provides web application security services worldwide using the world’s leading cyber threat intelligence and AI technology. CSC is also certified as the 7th AWS WAF Managed Rules Seller in the world by AWS (Amazon Web Service) which boasts a 47.8% global cloud market share. *3
As a leading cybersecurity company, CSC plans to continue to strive to improve and develop new technologies and aim to be a company that can deliver effective security solutions to contribute to the information revolution.

For more information, please visit https://www.cscloud.co.jp/en/

■ About Sompo Japan Insurance Inc.
Name: Sompo Japan Insurance Inc.
Date of Establishment: October 1, 1888
Head Office: 1-26-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, 160-8338, Japan
President: Keiji Nishizawa
URL: https://www.sompo-japan.co.jp/english/

■ About Sompo Risk Management Inc.
Name: Sompo Risk Management Inc.
Date of Establishment: November 19, 1997
Head Office: 1-24-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 160-0023, Japan
President: Junichi Sakurai
URL: https://www.sompo-rc.co.jp/english

■ About Financial Agency, Inc.
Name: Financial Agency, Inc.
Date of Establishment: October 1, 2007
Head Office: 1-19-19 Ebisu, Shibuya-ku, Tokyo 150-0013, Japan
President: Masahide Saito
URL: https://www.financial-agency.com/

*1: Market research on "cloud-based WAF services" (as of June 16, 2019) [Research by ESP Research Institute (May 2019 to June 2019)]
*2:Calculated based on the total number of logs held by the Cyber Security Cloud as of the end of March 2020. The content provided in this partnership includes attack summaries and company statistics.
*3: Gartner(July 2019)・・・Worldwide Iaas Public Cloud Services Market Share, 2017-2018
(Millions of U.S. Dollars)

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