Securing the Future: MCPc launches New Cybersecurity as a platform for service subscriptions

prnewswire | September 14, 2020

MCPc, a leading data protection and security risk management firm has launched Cybersecurity as a Service (CYBaaS), a unique, tailored security service to help companies clearly understand and identify their security vulnerabilities and protect their business from cyber risk."The threat landscape is very real and on the rise, significantly increasing the probability of a cyber incident taking place - particularly now with a distributed workforce," says MCPc's Chief Information Security Officer Ronnie Munn. "Having a clear and thoroughly-outlined Incident Response program and plan helps organizations dramatically reduce their chances of an attack and helps them 'keep their calm' in moments of crisis."

Spotlight

Detecting advanced cyber threats, exceeding compliance mandates and preventing insider data loss are top priorities for governmental organizations. And adhering to the continuous monitoring guidelines mandated by governmental actions like FISMA can consume thousands of staff hours per year submitting monthly, quarterly and annual reports.

Spotlight

Detecting advanced cyber threats, exceeding compliance mandates and preventing insider data loss are top priorities for governmental organizations. And adhering to the continuous monitoring guidelines mandated by governmental actions like FISMA can consume thousands of staff hours per year submitting monthly, quarterly and annual reports.

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DATA SECURITY

Coalition Launches Captive to Accelerate its Growth in Cyber Insurance

Coalition | December 14, 2021

Coalition, the world's largest commercial insurtech provider, today announced it will launch a new captive to begin taking risk on its cyber insurance programs. With this captive, Coalition will enhance its ability to manage capacity and its long-term growth objectives while further aligning incentives with its customers. Coalition's technology-driven approach is powering a new, more successful model of risk management, which has resulted in policyholders experiencing 70% fewer cyber claims when compared to other carriers in the market. In 2021, the success of Coalition's underwriting model was validated by long-term capacity agreements from multiple A+ rated carriers. Coalition has delivered superior claims results amidst significant growth as it crosses $400M in run rate premium, an 800% increase over the prior year. "Today's announcement demonstrates our unwavering commitment to protecting businesses from cyber risk, and our confidence in Coalition's approach to underwriting and risk management,Coalition provides businesses with the most comprehensive insurance available backed by the financial strength of multiple A+ rated insurers. With our new captive, we add another layer of security and stability, and more closely align our financial incentives with our customers." Shawn Ram, Head of Insurance at Coalition Dovid Tkatch, Coalition's recently appointed Head of Insurance Infrastructure and Actuarial Science, will support development of the captive as well as oversee pricing, reserving, capital requirements, and regulatory compliance. Coalition's broker platform integrates real-time security, financial, regulatory, and transactional data to create a seamless quoting experience where brokers can generate bindable quotes in just 5 minutes. Today Coalition serves over 130,000 customers with digitally-powered insurance that can leverage vast amounts of data to assess, mitigate, and measure risk for businesses. About Coalition Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Swiss Re Corporate Solutions, Arch Insurance, Lloyd's of London, and Zurich North America, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in the United States, CAD $20M of coverage in Canada, and up to USD $5 million of D&O and EPL coverage in the United States. Coalition's cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks.

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Vectra expands intelligent cyberattack detection and response capabilities with CrowdStrike

prnewswire | October 15, 2020

Vectra AI, a leader in network detection and response (NDR), today announced expanded response capabilities for its flagship product, Cognito Detect™ using its Lockdown feature, made possible by integrating with CrowdStrike® Falcon Insight, CrowdStrike's industry-leading endpoint and detection and response solution.This deep product integration enables Vectra® to deliver well-coordinated, instantaneous responses to thwart cyberattacks directly at the device level. By blocking and isolating attackers, not resources, Lockdown gives customers the ability to significantly reduce cyberthreat actor dwell-time without disrupting business operations.

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DATA SECURITY

Flare-X to Launch New Platform to Protect Nation from Malicious AI Use

Flare-X | January 04, 2022

Flare-X has developed a new strategy to defend against the malign use of AI that can potentially affect the nation's welfare, security, and economy. With this vision in mind, Flare-X™, a local Amarillo company, tries to make things possible that were once impossible. As part of the process, the company has decided to launcha real-AI cyber ecosystem in the first quarter of 2022. This launch will help suggest the changes the nation has to undergo to protect itself from the malevolent use of AI. The platform's launch, the Flare- X™ Real AI cyber ecosystem, took over a decade of engineering efforts and hard work. According to Flare- X™, Real AI stands for next-generation AI. The Flare- X™ Real Artificial Intelligence is expected to do things AI cannot. By assimilating, analyzing, and using facts, AI systems help obtain further information. The Flare- X™ Real AI can do the following: Code software, Generate creative content, Make ethical decisions independently, Come to a final decision alone, Innovate and invent. Across every business function, the Flare- X™ Real AI cyber ecosystem will help to deliverastounding benefits. It can include solving the most significant challenges and complex problems.

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