American P&C insurer CNA in collaboration with risk mitigation solution provider CyberArk has rolled out a first-of-its-kind cybersecurity insurance offering that prioritises privileged access security.
Under the arrangement, CyberArk will provide CAN’s policyholders with access to a host of services that will enhance education and awareness about privileged access-related risk.
The services comprise tools to spot where the riskiest accounts and credentials exist within an organisation.
To improve security and compliance, the services will offer guidance for prioritising protection and management of privileged access.
CNA head of commercial E&O, cyber and media liability Andrew Lea said: “The costs of data breaches caused by malicious attackers, human error or simple technology glitches have never been higher.
“We understand that privileged access security significantly reduces risk, and we want to make sure CNA policyholders have access to the best services and technology the industry has to offer.”
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The programme starts with a complimentary CyberArk Privileged Access Security Assessment during which evaluations are done on seven critical areas including protecting against irreversible network takeover and securing application credentials.
Subsequently, CNA policyholders will be given access to a number of additional privileged access-related services including Discovery and Audit; CyberArk Red Team Tools, Tactics and Procedures (TTP); and finally CyberArk Security Services Intensive.
CyberArk global business development executive vice president Adam Bosnian said: “This first-of-its-kind programme will deliver superior education and training to improve overall cybersecurity awareness, and give CNA policyholders the tools they need to prioritise privileged access security in ways that are quantifiable and compliance driven.”