Cowbell | May 26, 2022
Cowbell Cyber, the leading supplier of cyber insurance for small and medium-sized businesses (SMEs), announced the availability of its Cyber Risk Heatmap today. The Heatmap—the market's most data-rich and dynamic assessment of cyber risk portfolios—gives rapid insight into the distribution of covered risk across Cowbell's agencies and brokers, insurance and reinsurance partners, and underwriters' portfolios. Cowbell and its partners can now establish a balanced book of business, manage growth for profitability, and reduce the overall risk profile of each portfolio thanks to better visibility.
As per a recent Cowbell study, 71% of policyholders want their cyber insurance provider to provide advice to reduce risk exposure. The difficulties of regularly monitoring cyber risk at the portfolio and individual account levels lead to risk selection blind spots. Cowbell proves its creativity by removing these shortcomings at the portfolio level for all stakeholders. As a result, the frequency and severity of reported claims are reduced. Cowbell's continually monitored risk pool currently includes 24 million SMEs, accounting for 75% of the total SME market in the United States.
In a world where cyber insurance is becoming harder to obtain due to the volatile nature of cyber risks, Cowbell Cyber Heatmap allows us and our partners to quickly analyze the standing of any insurance book of business. The innovation Cowbell has brought to the cyber insurance landscape has, once again, allowed us to remain steadfast in our approach to properly assess and cover risk in the most rigorous manner."
Rajeev Gupta, co-founder, and chief product officer at Cowbell Cyber.
The Cowbell Variables underpin the Heatmap, a collection of risk rating factors that analyze the organization's cyber risk in real-time and then match it to the most applicable coverage for the company. Cowbell's Cyber Risk Framework provides the underlying technology, which involves security controls from multiple standards, including the NIST Cyber Security Framework, COBIT, the Payment Card Industry Data Security Standard (PCI DSS), and the most recently revised NIST Cybersecurity Supply Chain Risk Management (C-SCRM) program, augmented by Cowbell's proprietary controls.
Cowbell's Cyber Risk Heatmap is free to all of Cowbell's 16,000 agency producers and is constantly updated to incorporate the most recent risk profile data to assure accuracy.
NETWORK THREAT DETECTION
Radware | December 02, 2021
Radware a leading provider of cyber security and application delivery solutions, today announced that CHT Security, selected Radware’s DefensePro DDoS Protection solution to safeguard gaming publisher NCSoft Taiwan from massive DDoS attacks during a very popular game launch. CHT Security is Taiwan’s leading managed security service provider and a subsidiary of Chunghwa Telecom, the largest telco in Taiwan.
Supported by Radware’s data center protection and CHT Security’s comprehensive professional services, the leading global gaming company was able to mitigate the DDoS attacks and introduce its new game without incident.
“As we’ve expanded our business, we’ve seen a large increase in DDoS attacks in Taiwan in recent years,” said Jeff Hung, general manager for CHT Security. “Based upon our long-standing, positive experience, we selected Radware to ensure NCSoft Taiwan’s successful product launch and have increased the use of DefensePro to support our business. The key success factor to this joint effort is the combination of CHT Security’s defense expertise in real-time tuning and the cutting-edge features of Radware’s DefensePro to deliver high-quality and low-latency defense services against cyber threats.”
According to Radware’s recently published Q3 DDoS and Application Attack Report, the number of DDoS attacks blocked during the first nine months of 2021, already exceeded the total number of malicious events blocked in 2020. Gaming and telecom endured the highest attack volumes, accounting for over 50% of the total blocked volume in the third quarter of 2021.
“DDoS attacks are becoming more frequent, sophisticated, and dangerous,With the growing availability of attack tools and botnets, organizations need multi-layered DDoS protection backed by expert emergency response teams. We value our trusted relationship with CHT Security and are excited that it has chosen to safeguard its customers with our solutions.”
Yoav Gazelle, vice president of international sales for Radware
Radware’s DefensePro provides automated DDoS defense and protection from fast moving, high volume, encrypted, or very short duration threats. It defends against IoT-based, Burst, DNS, and TLS/SSL attacks to secure organizations against emerging network multi-vector attacks, ransom DDoS campaigns, IoT botnets, and other types of cyber-threats.
About CHT Security
Founded in 2017, CHT Security is a subsidiary company of Chunghwa Telecom, the largest telco in Taiwan. CHT Security is now the leading managed security service provider in Taiwan with rich experiences in information defense practices, and the R&D capabilities to deliver cyber security services and solutions, including security testing, SOC monitoring, incident response, and digital forensics, satisfying cybersecurity needs for enterprises and government institutions. CHT Security is ISO 20000, ISO 27001, and ISO 17025 certified, and was awarded the 2021 Taiwan Managed Security Services Company of the Year Award by Frost & Sullivan.
Radware is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity, and achieve maximum productivity while keeping costs down.
CynergisTek | January 07, 2022
CynergisTek Announcesa three-year Alliance with Leading Medical System to Combat Healthcare Cyber Threats
CynergisTek a leading cybersecurity, privacy, compliance, and IT audit firm, announced that it has signed a 6-figure, multi-year Resilience Partner Program (RPP) agreement. This program aims to provide annual cybersecurity risk assessments, testing, and advisory services. The program will benefit a leading, nationally recognized, community-owned medical system. The program will allow the healthcare system to reduce cybersecurity risks and function smoothly.
“We look forward to serving this client with our Resilience Partner Program and we understand the need to provide healthcare organizations support to not only discover gaps, but also figure out how to prioritize remediation and stick around for advisory support. The threat environment has increased through the pandemic, with more cyber-attacks and criminal behavior being directed towards the healthcare industry just as the environment has become more vulnerable. The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing. To meet these challenges, CynergisTek continues to partner with our clients, roll out services, and evolve our existing services, resulting in 2021 being our strongest annual bookings year in the last three.”
Mac McMillan, CEO and President at CynergisTek
The Resilience Partner Program of CynergisTek is aimed at supporting various needs of healthcare clients related to cyber threats. The programs offer multiple services, such as:
Annual risk assessments
Medical device security
Vendor security management