DATA SECURITY
S2W | January 03, 2022
Data Intelligence company S2W announced that INTERPOL has recently signed a contribution agreement introducing S2W's cyber threat intelligence (CTI) solution "S2-XARVIS ENTERPRISE" to strengthen its ability to analyze new cyber threats such as dark web and ransomware.
S2W has been supporting INTERPOL to identify and prevent "third-world dark web crimes" as part of its "binding the gap among member countries for a safer world," and recently conducted international ransomware organization arrest operation such as Revil, Cl0p, and GandCrab.
"INTERPOL is strengthening the use of advanced information and communication technologies such as artificial intelligence and big data and expects that the introduction of S2W's cyber threat intelligence (CTI) solution – S2 XARVIS Enterprise will directly help to prevent nationwide cybercrime through real-time threat detection and dark web/deep web coverage,"
Robert Han, Head of Global Business of S2W
Sangduk Suh, CEO of S2W said "We are focusing on providing services to institutions and companies so that we can build a strong security environment using threat intelligence (TI) information, and through this, we will contribute to eradicating international cybercrime."
About S2W
S2W is a Data Intelligence company, established in 2018, that extracts and provides actionable intelligences optimized for each client's needs from numerous data.
Specialized intelligence provided by S2W can cover multiple industries with its unique data collection and big data analysis for the Dark Web and Deep Web.
S2W solutions protect clients from various cyber threats and data leakage, such as personal information, financial information, confidential information within organizations through top-notch data collection and detection technologies.
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DATA SECURITY
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.
About CloudCover
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.
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PLATFORM SECURITY
ACTZERO | December 15, 2021
ActZero, a cybersecurity startup whose AI-driven platform makes best-in-class security accessible for businesses of all sizes, today announced a strategic partnership with Measured Analytics and Insurance, the data and analytics-driven cyber insurance company. The partnership will enable businesses to protect themselves against emerging security threats with an integrated risk management approach.
Recent reports by lead researchers have found that a majority of organizations have experienced incidents of ransomware or phishing in the last 12 months, while other cybersecurity threats are also on the rise. This trend means that more and more businesses need to level up their cybersecurity posture, while also preparing for the ramifications of potential attacks with cybersecurity-specific insurance. The partnership between ActZero and Measured is among the first to holistically address a business's cybersecurity needs by combining sophisticated managed detection and response services designed to stop attacks and extortion with insurance services that position companies to mitigate potential losses.
"We're pleased to be working with Measured, which will serve as the foundation of our integrated risk management distribution channel,Pairing our solution with insurance coverage to better protect customers represents another leap forward in our pursuit of making cybersecurity more effective and affordable for small and mid-sized enterprises."
Chris Finan, ActZero's Chief Operating Officer
The ActZero platform combines next-generation antivirus protection, endpoint detection and response, extended detection and response technologies, and 24/7 automated and managed threat hunting capabilities to detect and prevent all types of cybersecurity threats, from commodity malware to sophisticated, headline attacks across endpoints, network and cloud. The combined offering with Measured means that ActZero clients can now take advantage of streamlined access to cyber insurance at better rates.
Measured Analytics and Insurance sells industry-leading comprehensive cyber insurance backed by the most reputable reinsurance companies in the world. Measured tackles the challenge of underwriting cyber insurance by combining proprietary data and machine learning algorithms to assess and price cyber insurance for small- and mid-sized businesses. In partnering with ActZero, Measured's clients gain access to a robust suite of cybersecurity technologies at preferred rates.
"In this era of growing concerns and evolving threats, it's critical to complement our cyber insurance offering with innovative detection and response capabilities to stop problems before they start," said Jack Vines, CEO of Measured Insurance. "ActZero is the ideal partner to deliver on this promise, enabling our customers to implement sophisticated risk management strategies, thereby best positioning themselves against today's current threat climate."
ABOUT ACTZERO
ActZero is a cybersecurity startup that makes small- and mid-size businesses more secure by empowering teams to cover more ground with fewer internal resources. Our intelligent managed detection and response service provides 24/7 monitoring, protection and response support that goes well beyond other third-party software solutions. Our teams of data scientists leverage cutting-edge technologies like AI and ML to scale resources, identify vulnerabilities and eliminate more threats in less time. We actively partner with our customers to drive security engineering, increase internal efficiencies and effectiveness and, ultimately, build a mature cybersecurity posture. Whether shoring up an existing security strategy or serving as the primary line of defense, ActZero enables business growth by empowering customers to cover more ground.
ABOUT MEASURED ANALYTICS AND INSURANCE
Measured Insurance offers an analytics-based approach to cyber insurance, specifically quantifying specific exposure to ransomware attacks. Measured Insurance is bridging the gap between technology and insurance by using AI-powered analytics that tracks individual exposure in real-time to create smarter insurance products. Every policy is tailored to fit the individual client–clearly identifying pre-event exposure in seven fundamental areas and customizing post-event loss mitigation services with real experts, real people, and real help if ever needed.
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DATA SECURITY
Futurex | October 12, 2021
Futurex’s key management technology and Google Cloud EKM give customers more control over encryption keys to maximize data security, privacy, and compliance
BULVERDE, Texas, October 12, 2021 — Futurex, a leader in hardened, enterprise-class data security solutions, today announced support for Google Cloud External Key Manager (EKM), giving customers more control over encryption keys. Google Cloud EKM gives users full separation between their data and encryption keys, enabling users to create, store, and manage their encryption keys in a third-party key management service (KMS) — such as Futurex’s key management servers (KMES). Users can turn to Futurex KMES Series 3, a FIPS 140-2 Level 3-validated key management enterprise server, or Futurex's VirtuCrypt cloud service to handle all cryptographic key lifecycle management to maximize data security, privacy, and compliance.
“We continue to add security and flexibility for Google Cloud users, giving them full control of the location, distribution, and access of their externally-managed keys,” said Bahul Harikumar, Head of Infrastructure Security Partnerships at Google Cloud. “Google Cloud EKM and Futurex give users more security options and more control.”
Futurex’s robust key management platform is globally available and highly scalable, providing a versatile, external key service using fully-validated HSM and cloud technology. In addition to solutions for Google Cloud External Key Manager, Futurex’s KMES Series 3 offers:
Cloud key management
Data protection
Public key infrastructure (PKI)
Certificate Authority (CA)
Code signing
Vaultless tokenization
Integration with numerous 3rd-party applications and services
“Google Cloud’s commitment to encryption is evidenced by its support for external key management partners and we are thrilled to support Google Cloud EKM with our FIPS 140-2 Level 3-validated systems,” said Ryan Smith, vice president, global business development, at Futurex. “Futurex’s centralized encryption makes everything easier by fulfilling multiple key management use cases in a single platform.”
Futurex’s Google Cloud EKM can be deployed via Futurex on-premises key management servers, Futurex’s VirtuCrypt Cloud, or an on-premises/cloud hybrid. For more information on Futurex’s support for Google Cloud EKM, visit futurex.com. Google Cloud will be showcasing its Cloud EKM at its Google Cloud Next ‘21 conference, taking place October 12-14, 2021.
About Futurex
For more than 40 years, Futurex has been a trusted provider of hardened, enterprise-class data security solutions. More than 15,000 organizations worldwide, including financial services providers and corporate enterprises, have used Futurex’s innovative hardware security modules, key management servers, and enterprise-class cloud solutions to address their mission-critical systems, data security, and cryptographic needs. This includes the secure encryption, storage, transmission, and certification of sensitive data. For more information, please visit futurex.com.
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