Cowbell Cyber | September 21, 2021
Cowbell Cyber, the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the launch of its cyber risk exchange marketplace, Cowbell Rx. Cowbell Rx closes insurability gaps by providing cyber insurance applicants with resources to meet eligibility requirements while also enabling active policyholders to continuously improve their organization's risk profile. This comprehensive list of partners is the first of its kind in the cyber insurance industry.
Cyberattacks continue to proliferate and damage business operations, with predictions that new attacks will happen every 2 seconds by 2031. However, cybersecurity and cyber insurance have traditionally operated in silos with insufficient coordination, resulting in a misalignment between cyber threats faced by an organization and the security measures to prevent them. Because of this, cyber insurers are tightening up insurability requirements for policyholders to obtain coverage or to renew existing cyber policies.
Cowbell Rx is the first marketplace provided by a cyber insurer to help businesses gain access to recommended partners that offer solutions to organizations in order to meet the minimal criteria to get cyber insurance coverage.
"Cybersecurity and cyber insurance must work in harmony to build an organization's cyber resilience. We are working with more than 20 of cybersecurity's biggest leaders to make this happen," said Isabelle Dumont, vice president of market engagement at Cowbell Cyber. "Cowbell Rx is a key component of Cowbell's closed-loop risk management initiative to continuously improve an organization's risk profile. Together with our partners, we are bringing streamlined access to today's top cybersecurity services and solutions straight to current and future policyholders."
"Cowbell is an innovator in the field of cyber insurance and we share their passion for data-driven risk assessment," said Eric Skinner, vice president of Market Strategy at Trend Micro. "We're pleased to be part of Cowbell's new marketplace. By bringing together Cowbell policyholders with cybersecurity experts like Trend Micro, we can all work together to ensure our mutual customers stay resilient in a world of constantly changing cyber threats."
"True cyber risk management is the combination of cyber insurance and effective cybersecurity operations," said Odin Olson, vice president of Alliances at Arctic Wolf. "Cowbell Rx is an excellent way to expose Cowbell's policyholders to some of the best cybersecurity service providers in the industry."
About Cowbell Cyber
Cowbell Cyber is dedicated to providing standalone, admitted individualized, and easy-to-understand cyber insurance for small and mid-size enterprises. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia.
Open Security & Safety Alliance | March 03, 2021
The Open Security and Safety Alliance, an industry body contained partners from all aspects of the security, wellbeing and building mechanization space, today declared two significant advancements as a component of its main goal to clear the street towards dependable and imaginative security and wellbeing arrangements. Initial, another particular is currently accessible to individuals that centers around camera network protection measures. OSSA likewise presents another App Developer Council intended to pull in and include application designers in the Alliance's steadily developing environment of security and wellbeing industry players.
Executing Trustworthiness Thresholds
The most current specialized particular – the OSSA Camera Cyber Security Specification – contains definitions and rules in regards to obligatory and discretionary security judgments for cameras. It is to a great extent dependent on a current norm by the International Electrotechnical Commission (IEC), with an extra clear spotlight on the security market and OSSA reasoning by straightforwardly splitting the jobs and duties between camera producers, the working framework (OS) supplier and the framework on-chip (SoC) merchant, specifically. The determination additionally endorses duty changes in case of individual OS alterations by camera producers. The compulsory piece of these rules will be utilized as contribution for the impending OSSA certificate system.
The OSSA-coordinated environment is intended to improve trust, empower development past the constraints of a solitary association, and fuel opportunity for industry partners and clients.
prnewswire | October 26, 2020
AE Industrial Partners, LP , a private value firm specializing in Aerospace, Defense and Government Services, Power Generation, and Specialty Industrial markets, declared today that it has obtained PCI , a main supplier of cybersecurity, PC network operations , cloud, systems designing, enterprise IT, and information analytics to the knowledge and defense communities. Terms of the transaction were not disclosed.
The acquisition of PCI represents AEI's ninth stage investment in AE Industrial Partners Fund II, LP, which closed in 2018 with $1.36 billion in value commitments, and the thirteenth transaction closed by AEI in 2020. PCI is an exceptional stage investment for AEI as the firm continues its energy and ongoing success in the Defense and Government Services market, and will furnish PCI with extra venture into the defense, knowledge, and public security communities.
PCI is an innovation focused organization that provides cybersecurity and CNO, cloud designing and IT infrastructure, information analytics, and system designing solutions and services. PCI is a trusted advisor to the U.S. Insight Community, Department of Defense, and Federal Government, creating driving edge mission solutions using rising technologies and demonstrated practices to solve the most intricate cybersecurity, cloud, and enterprise IT challenges of its customers. Established in 2008 via Sean Battle, Don Whitfield, Josh Kinley, and Vance Mitzner, PCI is based in Columbia, Maryland, with extra operations all through the United States and all around the world. The Company has been named a best work environment by the Baltimore Sun, selected for the 2020 Inc. 5000 list of fastest-developing privately owned businesses in America, and has also been perceived for its responsibility to network inclusion and commitment.
"PCI is a trusted provider of critical technology services in support of some of the most enduring national security missions across the federal government," said Jeffrey Hart, a Principal at AEI. "Cyber threats faced by the defense and intelligence communities are at an all-time high, and the government can't afford to lag our adversaries in critical technology domains such as cyber and computer network operations, where PCI excels. We believe that PCI, with its full spectrum of solutions and premier relationships, is well-positioned and aligned with the national security community's most strategic priorities. We look forward to working closely with the world-class team at PCI."
"With the backing of AEI, we will have the resources to invest in the technology and talent required to meet the growing needs of our customers," said Sean Battle, CEO of PCI. "AEI knows our sector well, and we are confident that PCI will reach its next level of growth with their guidance, relationships, and partnership."
"We are very excited to partner with Sean and the rest of the PCI team," said Kirk Konert, Partner at AEI. "They have built a great platform in their core intelligence and defense end markets and have a depth of experience supporting customers on missions critical to national security. We look forward to working with PCI and accelerating the growth of the business."
Kirkland and Ellis LLP served as lawful advisor, and Ernst and Young LLP served as budgetary advisor to AEI. Miles and Stockbridge P.C. served as legitimate advisor, and Aronson Capital Partners served as money related advisor to PCI.
Founded in 2008, PCI is a technology-focused company that provides cybersecurity and CNO, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and services to the federal government and intelligence community. Based in Columbia, Maryland, and with a corporate office and training facility in Lexington, Massachusetts, PCI operates in 14 states and internationally. For more information
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from our deep industry knowledge, operating experience, and relationships throughout our target markets.