#USA #risk management #Schaumburg #Cyber Insurance #HALOCK Security

HALOCK Security Labs Recognized in 2025 Cyber Insurance Awards

HALOCK Security Labs, a leading innovator in cybersecurity risk management, has achieved significant recognition as a finalist in the esteemed 2025 Cyber Insurance Awards. The firm has been honored for its forward-thinking approach in developing standards that define 'reasonable security,' aiming to alleviate legal liabilities faced by organizations in the event of cybersecurity incidents.

Founded with a goal to empower businesses with dependable cybersecurity frameworks, HALOCK has designed the Duty of Care Risk Analysis Standard (DoCRA). This methodology serves as a guideline for companies, lawyers, and legislative bodies in establishing when companies acted in a reasonable manner concerning cybersecurity breaches, thereby potentially absolving them of legal repercussions. By adhering to these standards, clients can better assess when the costs of implementing cybersecurity measures are justified relative to the potential risks posed to stakeholders, including the public and shareholders.

Chris Cronin, a partner at HALOCK Security Labs, shared, "We are thrilled to be recognized as a finalist at the Cyber Insurance Awards. Our mission revolves around equipping organizations with strategies that not only minimize risks but are also legally defensible. This acknowledgment validates our belief in integrating care for others within cybersecurity initiatives, which benefits all parties involved."

The DoCRA standard, a result of HALOCK's collaborative efforts with regulatory bodies and legal communities, is now widely recognized as a reference point for establishing reasonability in legal agreements. The standard allows organizations to defend their practices legally, reducing overall risks for stakeholders while promoting accountability in cybersecurity practices.

In addition, HALOCK undertook significant efforts to disseminate an incident likelihood model that aligns with the broader Risk Assessment Method developed by the Center for Internet Security (CIS RAM). Their partnership with the Verizon Data Breach Investigations Report (DBIR) team enhances this initiative, enabling organizations to quantify and reduce cyber risks more effectively.

Through proactive engagement and transparency, HALOCK Security Labs aims to elevate the cybersecurity landscape by establishing attainable benchmarks in the legal domain. The company's commitment to improving cybersecurity measures showcases its dedication to helping organizations navigate the complexities of an evolving threat environment while ensuring legal compliance.

About HALOCK Security Labs

HALOCK Security Labs stands out as a premier firm specializing in cybersecurity and risk management strategies. Their goal is to provide actionable insights that assist businesses in effectively managing and reducing cyber risks. By focusing on legal defensibility and comprehensive risk assessments, HALOCK helps organizations navigate and adapt to the ever-changing cybersecurity landscape.

For more information regarding HALOCK Security Labs and their pioneering work, please visit HALOCK's website.