Valuing cyber risks for insurance pricing and underwriting using network monitored sensors and methods of use

A method, comprising:

• establishing security parameters for an entity, the security parameters defining one or more events that are indicative of an electronic threat, the security policy breach parameters being associated with a remediation provision in a network security device policy of the entity:
• automatically detecting occurrence of one or more of the events that are indicative of an electronic threat;
• automatically determining the breach parameters that apply for the one or more events that occurred;
• and
• causing a remediation of network security device security parameters determined based upon predicted losses arising from electronic threats.

A system, comprising:

• one or more data and traffic collecting devices deployed within a network that collect entity information and monitor network data and traffic of the network that is related to security information, the network comprising computing systems that are subject to a security policy, the security policy comprising breach parameters defining one or more events that are indicative of an electronic threat, the breach parameters being associated with a remediation provision in a network security device policy for the computing systems and the network or networks;
• a threat analyzer and threat assessment system:
• automatically detects occurrence of one or more of the events that are indicative of an electronic threat based on the network data and traffic;
• automatically determines the breach parameters that apply for the one or more electronic threats;
• and generates a remediation of network security device security parameters for the network or networks based on predicted losses arising from the observed electronic threats.