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.
Cowbell Cyber | February 25, 2022
The industry's first AI-powered cyber insurance provider for small and medium businesses (SMEs), Cowbell Cyber announced a partnership with Trend Micro to expand cyber insurance access. Trend Micro's MSP partners and clients would have exclusive access to an all-digital, expedited application procedure for Prime 100 cyber insurance plans due to the partnership.
Cowbell's ability to enable closed-loop risk management for policyholders will be enhanced as a result of the partnership, as the two companies will be able to provide their mutual customers with actionable, real-time insights to reduce risk exposures, proactively address vulnerabilities, and ultimately pass on savings from their cyber insurance policy premiums.
"The number of cyberattacks is at an all-time high, and companies are coming to terms with the fact that size doesn't matter to an attacker, Partnering with a cybersecurity leader like Trend Micro allows us to offer our joint customers the insights and actionable steps they need to improve their protection against cyberattacks, thus potentially improving their risk profile."
Stephen Years, Director of Technology Partners and Ecosystem
Cowbell will also continue to collaborate with Trend Micro to develop deeper technology connections, resulting in insurance premium credits for Trend Micro customers in the future.
"Managed Service Providers (MSPs) are the gateway to many small to medium enterprises and this partnership empowers them to better serve their customers by taking the complexity often associated with cyber insurance out of the equation" said Lamon Gorman, Director of MSPs at Trend Micro. "The all-digital approach that Cowbell offers is a game-changer."
Cowbell has announced a partnership with iBynd to extend cyber insurance distribution, continuing the company's ambition to deliver cyber insurance to everyone. Customers of Cowbell's linked brokers, technology partners, and Managed Security Services Providers will be able to rate, quote, and bind Cowbell's insurance solutions digitally in real-time, thanks to iBynd's embedded patented technology. Additionally, iBynd's distribution network iBynd will offer Cowbell's cyber insurance to SMEs.
Coalfire | October 19, 2021
Coalfire, a leading cybersecurity firm, announced HITRUST Accelerator, a new program that allows customers to achieve HITRUST CSF Validation up to 50% faster when compared with conventional methods. This program combines deep technical knowledge of AWS Security Assurance Services, LLC (AWS SAS) with Coalfire, a HITRUST External Assessor Organization, to streamline the entirety of the HITRUST Validation lifecycle.
Organizations who attempt to prepare for HITRUST certification internally without the help of an experienced external assessor may have timelines in excess of 2 years to achieve HITRUST Certification. The HITRUST Accelerator program uses a three-step process that provides end-to-end support of an organization's preparation, remediation, and HITRUST Validation. This integrated approach enables Coalfire and AWS SAS to quickly identify compliance gaps, assist with technical remediation, simplify document creation, and expedite the Validated Assessment. By accelerating HITRUST Validation, customers will be able to offer significant assurances over their security and privacy controls, which enables them to focus on innovation and driving adoption.
Coalfire and AWS SAS share an obsession in creating innovative solutions that maximize customer success," "This passion and collaboration resulted in a program that helps our mutual customers prepare, remediate, and validate against the HITRUST CSF. By taking industry leaders in cloud security and HITRUST, we aim to revolutionize the way that organizations approach and maintain compliance. This has been a long time coming and we are absolutely thrilled to be launching this program with the AWS SAS team.
Jeff Rector, Global Engagement at Coalfire
The customer journey is accelerated via three tailored workstreams that are designed to:
Prepare the customer for HITRUST Validation by thoroughly defining the technical systems and boundary, conducting a thorough gap assessment, and developing fully customized policies and procedures designed to be HITRUST compliant.
Reduce remediation efforts and time to 12 WEEKS in most instances, using automated compliance-as-code packages, 30 days of expert AWS technical guidance and security engineering services, and hands-on AWS support configuring AWS services., and to fast-track the collection of evidence ahead of the Validated Assessment to minimize burden and audit fatigue on compliance teams.
Validate the environment with confidence, including end-to-end support during HITRUST QA, Corrective Action Plan creation, and report finalization.
Leading technology infrastructure providers, SaaS companies, and enterprises – including the top-five cloud service providers and eight of the top-10 SaaS organizations – rely on Coalfire to strengthen their security posture and secure their digital transformations. As one of the largest firms dedicated to cybersecurity, Coalfire delivers a comprehensive suite of advisory and managed services, spanning cyber strategy and risk, cloud security, threat and vulnerability management, application security, privacy, and compliance management. A proven leader in cybersecurity for the past 20 years, Coalfire combines extensive cloud expertise, advanced technology, and innovative approaches that fuel success.