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September 22, 2020

Cowbell introduces new cyber insurance product

By Verdict Staff

Cyber insurance company Cowbell Cyber has launched its first cyber insurance programme, dubbed Prime 250, to offer a range of coverages to address the diversity of incidents under cyber category.

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

Cowbell has partnered with Benchmark Insurance Company and Obsidian Insurance Company for the new programme, which is also backed by a panel of global reinsurers.

Prime 250 is said to address each type of cyber incident with 25 coverages. These coverages are designed to reflect the companies face cyber incidence; first-party loss, first-party expense and liability.

The solution provides basic, popular and elite coverage to make the binding process quick and simple for businesses.

Furthermore, it offers policyholders with access to Cowbell Factors for risk rating and industry peer benchmarking. They can also make use of Cowbell Insights, which offers recommendations to mitigate identified risk exposures.

Cowbell Cyberco-founder and COO Trent Cooksley said: “For years, policyholders have raised concerns about the complexity and opacity of cyber insurance. Meanwhile, cyber-incidents are becoming more frequent and diverse.

“We have created Prime 250 with the explicit intent to make cyber insurance easy and bring clarity to coverages and policy terms so that every business can benefit from the financial protection delivered by cyber insurance.”

Last month, Cowbell Cyber incorporated new enhancements to its cyber insurance platform, to enable the platform to carry out larger risk underwriting with more ease, accuracy and increased speed.

 

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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