2025 Cyber Insurance Awards Recognize HALOCK Security Labs as Finalist for Risk Management Approach
SCHAUMBURG, Ill., March 18, 2025 /PRNewswire/ -- HALOCK Security Labs, an innovator in cybersecurity risk management and legal defensibility, has been named as a finalist for the prestigious 2025 Cyber Insurance Awards. HALOCK was selected for pioneering work in defining and advancing 'reasonable security' standards to reduce legal liabilities related to cybersecurity incidents.
As inventors of the Duty of Care Risk Analysis Standard (DoCRA), HALOCK developed a methodology to help companies, regulators, and attorneys determine when a breached organization acted reasonably, and is therefore not liable for the breach. DoCRA helps organizations determine when the cost of cybersecurity risk mitigation is justified by the potential risk to others. This definition of reasonability, consistent with regulatory and case law, provides an affirmative defense for breached organizations, reducing risks to the public, shareholders, and insurers.
"We are honored to be recognized as a finalist at the Cyber Insurance Awards," said Chris Cronin, Partner at HALOCK Security Labs. "Our goal has always been to help organizations secure their businesses and reduce risks with strategies that are both measurable and legally defensible. This recognition reinforces our belief that when we incorporate care for others into our cybersecurity programs, everyone benefits."
Through HALOCK's free distribution and collaboration with the regulatory and legal communities, DoCRA became the definition for reasonability in legal settlements and the basis for the Center for Internet Security's Risk Assessment Method (CIS RAM).
HALOCK also created a freely available incident likelihood model, now integrated into CIS RAM, by continuing its work with industry leaders like the Verizon Data Breach Investigations Report ( DBIR ) team. HALOCK's openness has helped the industry set new and achievable standards in cybersecurity law and has helped organizations lower their cyber risk while ensuring legal defensibility.
About HALOCK Security Labs
HALOCK Security Labs is a leading cybersecurity and risk management firm specializing in providing actionable insights to help businesses manage and reduce cyber risk. With a focus on legal defensibility and comprehensive risk assessments, HALOCK is dedicated to advancing industry standards and helping organizations navigate the complex and evolving landscape of cybersecurity.
For more information about HALOCK Security Labs, please visit https://www.halock.com.
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SOURCE HALOCK Security Labs
