Case Study: a prominent EU insurance company cuts phishing claims by 89% with Keepnet Labs

How a leading insurer cut phishing claims by 89% and improved cybersecurity with Keepnet Labs

A prominent EU insurance company faced a significant rise in cyber insurance payouts, which had surged by 200% over three years due to phishing attacks on its policyholders. To minimize breaches and reduce these escalating costs, the company sought a consolidated security platform and partnered with Keepnet Labs for its solutions.

Keepnet Labs implemented a multi-faceted solution that included an AI-powered phishing reporting tool, awareness training, and email security testing. This strategy addressed human risk and improved detection and response capabilities. As a result, Keepnet Labs helped the insurer achieve an 89% reduction in cyber insurance payouts, lowering the annual number of claims from 1,644 to 180 and significantly improving overall security for its policyholders.