CloudCover | December 27, 2021
The cybersecurity insurance market is in trouble, fueled by a rapid increase in cyber attacks – up 486% from the beginning of 2018 through the end of 2021, according to Aon. As a result, insurers have little choice but to raise rates and scrutinize policy terms and conditions, as there’s no historical data to set policies and premiums like traditional insurance products.
CloudCover, the company Reimagining CyberSecurity, is making strides to improve cyber safety by creating the first end-to-end cyber security technology and insurance platform. Today, the company announces the continued rollout of its suite of CloudCover insurance products with the launch of a new insurance offering: CloudCover Cyber Liability (CCCL) and Information Systems Business Interruption (ISBI) insurance. The release of the cybersecurity insurance coverage brings forward an entirely new market category: cybersecurity network and data insurance cover that utilizes the CC/B1 PlatformTM to obtain the data analytic set required to efficiently underwrite and set accurate premiums. CloudCover’s $1 Million Ransomware Warranty was launched in September 2021.
Through its CCCL insurance, CloudCover will issue a $1 million cover per occurrence and a $10 million aggregate policy. This insurance option covers:
First-party response costs, including any costs associated with the investigation and remediation of cybersecurity breaches, as well as payment for costs associated with notifying affected parties of the breach,
Third-party liability and regulatory costs, including any costs associated with the defense of lawsuits, regulatory fines, and penalties in addition to the costs associated with any judgements rendered from those activities, and
Cover for any ransom demanded by cyber criminals who have locked the insured company’s network or computer systems.
Similar to the CCCL coverage, CloudCover will also issue $1 million coverage per occurrence and a $10 million aggregate policy for its ISBI coverage. The insurance policy provides payment for lost revenue in the event that a Distributed Denial of Service (DDoS) attack disrupts or compromises the insured party’s network.
Both insurance covers are powered by CloudCover’s CC/B1 Platform, an advanced Intelligent Threat ManagementTM security solution. The CC/B1 relies on a patented AI/ML (automated intelligence/machine learning), X-NDR (extended network detection and response), SOAR (security, orchestration, automation and response) technology that empowers risk awareness, risk control, and risk transfer in near real time. The platform operates as a Firewall EverywhereTM, collecting data from all corners of an organization’s network, streamlining and utilizing machine learning to detect, analyze, and stop suspicious activity – all while using the collected network patterns with risk scoring and building actuarial models for incremental cybersecurity network insurance.
“This marriage of cybersecurity technology and cyber insurance represents the creation of a new market,No other security vendor is able to provide cybersecurity risk scoring, risk event mitigation and mediation, accurate identification and threat stopping, and cyber risk insurance underwriting and auto-adjudication for claims in one platform. Using cybersecurity technology to learn about a company’s network and utilizing that data to create more accurate premiums and better coverage gives our industry the opportunity to better control cybersecurity insurance losses in the future, as we’ll be able to detect threats and issue micro-policies in a fraction of a second.”
Stephen Cardot, founder and CEO of CloudCover
In the months ahead, CloudCover plans to debut the final product in its initial CyberSafety Insurance Coverage portfolio: Cybersecurity Network Data Insurance, which will be the first insurance policy to insure data in motion with both first- and third-party liability coverage. This insurance, which will launch in February 2022, makes it possible for organizations to insure and thereby value their intangible assets, i.e., data, just as they would other company assets – something that’s been long seen as impossible in the FASB/GAAP industry.
In order to purchase CloudCover’s insurance offerings, a company will need to have the CC/B1 Platform installed on its network in addition to completing CloudCover’s CyberSafety Registry.
CloudCover is an AI-driven, virtual machine-learning cybersecurity platform. CloudCover has reimagined cybersecurity as a risk-predictive CyberSafety Platform – delivering real-time extended network detection and response through a patented, math-based security orchestration automated response risk aware/control solution. The CloudCover SOAR capability accumulates data between an organization’s diverse security technologies and environments and streamlines them into holistic actions on potential risks. The CC/B1 Platform provides an ever-evolving, protective security layer to your existing cybersecurity tech stack – meaning network threats are detected in near zero-second speed with near zero-threat accuracy. With CloudCover, the elusive “single pane of orchestration” capability of an organization’s network security isn’t a myth – it’s reality.
Layer 8 Security | February 02, 2022
ZeroEyes, Inc., creators of the only AI-based video analytics platform focused solely on gun detection, is proud to announce its partnership with Philadelphia-based company, Layer 8 Security. Layer 8 Security is a cybersecurity consulting and technical services firm that arms organizations with practical security, compliance, and privacy strategies.
Starting in 2022, Layer 8 Security will assist ZeroEyes with the company's information security certifications. Both companies are veteran-founded, owned, and operated, and are part of the Veterans Business Referral Network with over 200 members in the Greater Philadelphia area. In addition to the local connections, both companies are well-known on the national stage for being leaders in their respective disciplines.
"I've known members of the ZeroEyes team for years,ZeroEyes' focus on gun detection and physical security complements our focus on being the 'sheepdogs,' protecting people in any way we can. In our case our focus is on data privacy and protecting businesses from hackers. I'm excited to leverage our shared goals as veterans helping veterans."
Kevin Hyde, President and Co-Founder at Layer 8 Security
"Layer 8 Security and ZeroEyes are both focused on security and building veteran-owned businesses," adds ZeroEyes' Chief of Staff, Kieran Carroll. "We're excited to support Layer 8 Security in their mission and appreciate their services in securing our own business."
ZeroEyes is the industry's leading AI-based weapons detection solution. Our software integrates into existing security camera systems and sends out a series of alerts when a verified gun is detected via our best-in-class weapons detection algorithms. Founded by a team of Navy SEALs and military veterans with over 50 years of military experience with deep special operations and intelligence community expertise, ZeroEyes is the trusted weapons detection provider of numerous clients, including the US Department of Defense, leading public K-12 school districts, commercial property groups, Fortune 1000 corporate campuses, shopping malls, and big-box retail.
About Layer 8 Security
Layer 8 Security is a cybersecurity consulting, advisory, and technical services firm that arms organizations with practical security, compliance, and privacy strategies. Today's business environment requires seamless integration with third-party vendors, clients, and partners. Layer 8 Security ensures your information ecosystem is secure, compliant, and resilient to the severity and frequency of a disruption resulting from a cyber attack.
QuSecure | May 21, 2022
QuSecure™, Inc., an innovator in post-quantum cybersecurity (PQC), today introduced its quantum orchestration platform, QuProtect™, the industry’s first end-to-end PQC software-based solution uniquely designed to protect encrypted communications and data with quantum-resilience using quantum secure channels. With QuProtect, for the first time organizations can leverage quantum resilient technology to help prevent today’s cyberattacks, while future-proofing networks and preparing for post-quantum cyberthreats.
Leading experts, including Arthur Herman, senior fellow and director of the Quantum Alliance Initiative at The Hudson Institute, believe that a Cryptographically Relevant Quantum Computer (CRQC), which is a quantum computer that can break current cryptography and will expose the world’s encrypted communications and data, will be available within the next 3-5 years. Additionally, nation-state attackers are currently stealing encrypted data, using a “Steal Now, Decrypt Later” (SNDL) strategy to collect global encrypted data, which will be retroactively decrypted once a CRQC is available. As a result, on May 4, the White House mandated PQC compliance via the National Security Memorandum “Promoting United States Leadership in Quantum Computing While Mitigating Risks to Vulnerable Cryptographic Systems.” Also, the bipartisan Endless Frontiers Act would establish a Technology and Innovation Directorate at the National Science Foundation which would use $100 billion in federal funds over five years to research emerging technologies including quantum computing, and specifically mentions the need for PQC. Organizations will need to follow suit to protect their data and communications from post-quantum cyberthreats.
QuProtect provides quantum-resilient cryptography, anytime, anywhere and on any device. QuProtect uses an end-to-end quantum security as a service (QSaaS) architecture that addresses the digital ecosystem’s most vulnerable aspects, uniquely combining zero-trust, next-generation post-quantum-cryptography, quantum-strength keys, high availability, easy deployment, and active defense into a comprehensive and interoperable cybersecurity suite. The end-to-end approach is designed around the entire data lifecycle as data is stored, communicated, and used.
“Quantum technologies have the potential to represent a platform shift, and platform shifts don’t come around that often,” said Laura Thomas, former CIA Chief of Base with more than 17 years in various national security and leadership roles and currently VP of Corporate Strategy at ColdQuanta, a quantum computing and sensing company. “When they do, they bring enormous opportunity coupled with the power for intense disruption, in all arenas, to include national security and economic security. Organizations should be evaluating post-quantum encryption solutions now and mapping out the resources and timelines needed to deploy them on their networks. QuSecure is playing a key role in future-proofing our networks from current classical and future quantum attacks.”
QuSecure also today announced its formal company launch. See accompanying company launch press release issued by QuSecure today at QuSecure Company Launch.
“Enterprises are charged with providing high levels of data security,” said Skip Sanzeri, QuSecure Founder and COO. “We are facing the largest computer upgrade cycle in history as all public key cryptography globally needs to be upgraded to PQC. Our QuProtect solution provides organizations with a first-mover advantage as the industry accelerates toward a quantum future. QuProtect allows organizations and their clients to maintain the highest level of quantum-resilient security to address cyberthreats with minimal disruption to existing systems.”
QuProtect protects any node on the network by using National Institute of Standards and Technology (NIST) approved quantum algorithms to create secure quantum communications channels. Its technology enables backwards compatibility and can translate back and forth from PQC to standard Transport Layer Security (TLS), ensuring interoperability with any network. No other company combines QuSecure’s broad-based quantum and post-quantum technologies providing secure, interoperable cybersecurity to protect organizations’ networks from quantum threats. QuProtect’s unique differentiators include (partial list):
Post-quantum open-source, end-to-end data protection on all platforms and networks – QuSecure applies post-quantum protections to all systems and devices – from cloud, to server, to laptop, to edge and IoT – protecting communications and data. QuProtect uses Quantum Random Number Generation (QRNG) to create quantum-resilient cryptographic keys which provide entropy throughout the entire network. Network-wide entropy is important because true quantum randomness protects systems from vulnerabilities and attacks such as pattern detection and cryptanalysis.
Easy integration and deployment with zero client-side installations supporting most platforms – QuProtect is designed to be simple to deploy, operate and manage for existing devices and systems. Any existing platform that runs cryptography can be upgraded to PQC through QuProtect’s software-upgrade solutions.
QuSecure’s solution enables controlled, phased deployment in highest priority segments first, enabling organizations to audit and/or delay endpoints which don’t need immediate upgrade. QuProtect permits instantaneous re-selection of algorithms enabling crypto agility while NIST finalizes the PQC algorithms to be standardized.
Continuous monitoring and attack resilience – QuProtect improves security through continuous anomaly monitoring, machine learning-enabled attack detection, and active remediation.
QuProtect is the industry’s most advanced PQC solution providing end-to-end quantum-resilience for many of today’s critical use cases, including satellite, network, and IoT communications. QuProtect can be hosted on-premise or via cloud-based orchestration delivering the most compatible solution to the post-quantum problem. An organization can implement PQC across all devices on the network with minimal disruption to existing systems, protecting against current and future classical and quantum attacks which could irreparably disrupt industries and infrastructures across government and commercial sectors.
QuSecure is an innovator in post-quantum cybersecurity with a mission to protect enterprise and government data from quantum and classical cybersecurity threats. Its patent-pending, quantum-safe solutions provide an easy transition path to quantum resiliency across any organization. The company’s QuProtect solution is the industry’s first PQC software-based platform uniquely designed to protect encrypted communications and data with quantum-resilience using a quantum secure channel. QuSecure has current customer deployments in banking/finance, healthcare, space/satellite, IT/data enterprises, datacenters and various Department of Defense agencies. QuSecure is investor backed and has offices in Silicon Valley.
ITC Secure | December 16, 2021
ITC Secure (ITC), a leading advisory-led cyber security services company and a Microsoft Gold cyber security partner, and Cassava Technologies, the pan-African technology leader, announced today that they have entered into a Joint Venture (JV) to build and launch an extensive portfolio of cyber security services, powered by Microsoft Azure cloud technologies in Africa.
Hardy Pemhiwa, the CEO of Cassava Technologies said: “Digital transformation in Africa is accelerating the adoption of cloud services which is creating an urgent need to better protect users and business-critical data. Cassava Technologies footprint covering more than 15 countries in Africa, we are well-positioned to meet the growing needs of businesses and individuals and expand access to cybersecurity and other digital services. We look forward to bringing ITC’s world-class cyber expertise, coupled with Microsoft’s industry-leading technology, to build Africa’s digital future.”
“The strategic partnership between ITC Secure and Cassava Technologies, as a pan-African technology leader, will bring Microsoft’s cutting-edge cloud security solutions to the African market to drive the growth of the technology sector and innovation across Africa.”
Andre Pienaar, the Chairman of ITC Secure
Admiral Mike Mullen, the Chairman of ITC Secure USA said: “The combination of ITC Secure and Cassava Technologies will help guide us to the future while addressing the growing needs of individuals and organisations in the African market for a secure digital world, built on the best solutions and delivered by the best experts.”
Replicating best practice of a leading UK SOC to build a cutting-edge SOC in Africa
ITC’s 24/7 Operations Centre, based in London, is at the forefront of delivering managed security services. As part of the JV, ITC and Cassava Technologies will build a state-of-the-art SOC in Africa. The centre will leverage Cassava Technologies’ in-depth knowledge of the African continent and ITC’s extensive experience in cybersecurity, to enable the rapid delivery of cyber services and operations on the continent.
Steering the future
ITC’s mission to ‘make the digital world a safer place to do business’ echoes Cassava Technologies’ vision of a digitally connected future that leaves no African behind. This JV addresses the growing need to ensure that individuals and organisations are safe and secure online and will further demonstrate how cyber security can be a business enabler, helping to drive growth and create jobs across Africa.
Facilitating knowledge transfer locally
The skills gap in the cyber security industry continues, with recruitment and retention an ongoing challenge. The JV will facilitate access to experts globally and close collaboration and knowledge transfer locally. This will enable faster on the ground response, the sharing of cyber security best practice and streamlined sharing of internal resource.
Extended portfolio of cyber security services
ITC’s integrated delivery model provides access to the best cyber security skills, technology, and governance. Encompassing a unified suite of solutions that start with an advisory-led approach, including Identity and Access Management capabilities and managed security services like Managed Detection and Response.
At the heart of ITC’s integrated delivery model is PULSE, an extended detection and response platform powered by Microsoft Sentinel, that integrates specialist knowledge and expertise.
ITC is a Microsoft Gold partner in Security and Cloud and a member of the Microsoft Intelligent Security Association. Organisations will gain access to a level of expertise recognised by Microsoft as the “highest, most consistent capability” – underpinned by a cohesive set of services that scale.
About ITC Secure
ITC Secure is an advisory-led cyber security services company.
We have a 25+ year track record of delivering business-critical services to over 300 blue-chip organisations - bringing together the best minds in security, a relentless focus on customer service and advanced technological expertise to help businesses succeed.
With our integrated delivery model, proprietary platform and customer-first mindset, we work as an extension of your team throughout your cyber journey and always think not only about you, but also your customers and the reputation of your brand.
ITC Secure a certified Great Place to Work® and is headquartered in London, UK. With a dynamic balance of the best in people, technology, and governance, we make cyber resilience your competitive advantage.
About Cassava Technologies
Cassava Technologies is a pan-African technology leader providing a vertically integrated ecosystem of digital solutions, designed to significantly accelerate connectivity and drive digital transformation across the African continent. Cassava Technologies creates the enabling digital infrastructure with cross-border fibre, renewable energy solutions, and a state-of-the-art network of data centres that provides access for millions to complementary digital services of Wi-Fi, Cloud, cybersecurity and fintech solutions. This ecosystem aims to transform the lives of individuals and businesses across the continent by enabling social mobility and economic prosperity.