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.
HUB Security | December 17, 2021
HUB Security, a secure computing solutions provider, announced today its Docker Digital Twin product to better protect, authenticate, and verify traffic created by Docker, a highly used platform for package containment.
The HUB Security Docker Digital Twin enforces access control and provides governance processes, such as approvals for sensitive actions, on incoming Docker traffic. It blocks attack vectors involving the loss or theft of credentials, vulnerabilities, and unauthorized access.
Docker creates virtual containers (called packages) that allow applications and their dependencies to run seamlessly on any operating system. It is used by some 55% of professional developers daily and is the leading solution for cloud-based SaaS platforms. It is also ubiquitous in large enterprises, financial institutions, and public clouds, as well as defense equipment, servers, and data centers. Docker packages, because of their extensive use, are often the target of cyber security threats from hackers.
"We want to create a seamless experience for our customers when it comes to security,Our new system enables multi-layered security processes for the entire compute stack with Docker being part of it. The solution is also future proof, meaning clients can rest assured for years that their systems are safe and secured."
Andrey Iaremenko, HUB Security's CTO
The Docker Digital Twin solution will be incorporated into existing HUB Security technology without changing existing operational controls and services. The product's complete remote update capabilities will provide full support for any and all Docker versions and security capabilities.
About HUB Security
HUB Security was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces. The company specializes in unique Cyber Security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity professional services worldwide.
CrowdStrike | April 08, 2022
CrowdStrike , a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, and Mandiant , announced a strategic partnership that will help joint customers investigate, remediate and defend against increasingly sophisticated cybersecurity events that plague organizations globally. As part of the collaboration, Mandiant will utilize the CrowdStrike Falcon® platform and subscription offerings for its incident response (IR) services and proactive consulting engagements for joint customers. Further, the Mandiant Managed Defense offering intends to include support for customers leveraging the Falcon platform later this year.As two of the most respected leaders in the cybersecurity industry, CrowdStrike and Mandiant share a common mission to stop breaches and put customers' needs first. Both companies have long operated under the practice that in order to defend against tenacious cyber adversaries, there must be a combination of cutting edge products and elite cybersecurity experts. Because of this, both companies have embraced an open and collaborative approach with high caliber partners and technologies to provide organizations superior protection.
Today’s complex threat environment calls for a collaborative approach that brings together industry-leading technologies and world class teams to build the strongest defense for customers, which is exactly what this partnership is about,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “CrowdStrike has worked with Mandiant many times over the years and there is a mutual respect for the caliber of technical and team expertise we both bring to the fight. We are proud to establish this alliance with them and to more effectively enable the people, processes and procedures necessary to secure the modern organization.
“CrowdStrike and Mandiant have developed reputations as go-to cybersecurity resources for public and private sector entities across the globe,This partnership between two mission-focused companies strengthens cyber defenses at a time when cyber attacks have become a notable business issue faced by organizations every day.”
-Kevin Mandia, chief executive officer of Mandiant.
CrowdStrike , a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk — endpoints and cloud workloads, identity and data.Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.
About Mandiant, Inc.
Since 2004, Mandiant® has been a trusted partner to security-conscious organizations. Effective security is based on the right combination of expertise, intelligence, and adaptive technology, and the Mandiant Advantage SaaS platform scales decades of frontline experience and industry-leading threat intelligence to deliver a range of dynamic cyber defense solutions. Mandiant’s approach helps organizations develop more effective and efficient cyber security programs and instills confidence in their readiness to defend against and respond to cyber threats.Join the conversation.
Sysdig | May 16, 2022
Sysdig, the unified container and cloud security leader, announced that Sysdig open source, the incident response standard for containers, has been extended to the cloud. Using system calls, Sysdig open source (Sysdig OSS) traditionally offers deep observability into running applications, as well as file system access and network activity, which speeds incident response and troubleshooting. Teams can quickly filter information from Sysdig OSS and take action. With the announcement of this new integration, these capabilities have been extended beyond containers to any cloud environment.
Today, Sysdig announced Edd Wilder-James has joined Sysdig from Google to lead the company’s open source ecosystem team.
The complexity of cloud-native applications – with countless components and variables – makes it extremely difficult for security analysts and system administrators to quickly triage alerts and debug problems. Sysdig OSS captures process, file system, and network activity in real time and with a high degree of granularity. The tool, which has nearly two million downloads and 6,850 GitHub stars, surfaces everything from executed commands and file system activity to network activity. Sysdig OSS then offers advanced filtering and troubleshooting capabilities, supporting root cause analysis for security and performance issues.Using a new plugin framework – originally developed by the open source community for the CNCF project Falco – Sysdig extends the number of sources Sysdig OSS can be connected with to anything that generates logs or events, including Azure, Google, and AWS CloudTrail logs. Going forward, every plugin developed for Falco can also be leveraged by Sysdig OSS. Using one tool, like Sysdig OSS, to observe events from the entire cloud-native environment streamlines investigations. Using a different tool for each environment adds complexity, which makes it massively harder to troubleshoot.
Sysdig’s Commitment to Open Source
Sysdig was founded as an open source company and Sysdig Secure and Sysdig Monitor were both built on an open source foundation to address the security challenges of modern cloud applications. Both projects were created by Sysdig to leverage deep visibility as a foundation for security, and they have become standards for container and cloud threat detection and incident response. Falco, which was contributed to the CNCF in 2018, is now an incubation-level hosted project with more than 45 million downloads.
Sysdig OSS and Falco can be used together as a powerful open source solution to reduce risk at runtime. Sysdig OSS acts as a flight recorder, capturing a detailed record for inspection. Falco acts as a security camera, continuously detecting unexpected behavior, configuration changes, intrusions, and data theft in real time. Teams can use Sysdig OSS and Falco together to detect and respond to threats.
“If you want to see what is going on inside an application, Sysdig OSS gives you that record. “Sysdig open source was the inspiration for Falco. While Falco will monitor and alert based on your policies, Sysdig open source will tell you what happened at a particular time, before and after the event. Having the ability to use both open source tools in the cloud is extremely powerful.”
Loris Degioanni, Founder and CTO of Sysdig
Sysdig is driving the standard for cloud and container security. The company pioneered cloud-native runtime threat detection and response by creating Falco and Sysdig as open source standards and key building blocks of the Sysdig platform. With the platform, teams can find and prioritize software vulnerabilities, detect and respond to threats, and manage cloud configurations, permissions and compliance. From containers and Kubernetes to cloud services, teams get a single view of risk from source to run, with no blind spots, no guesswork, no black boxes. The largest and most innovative companies around the world rely on Sysdig.