Optimize Your Cyber Insurance Position
Unlock Improved Cyber Insurance Options with Sophos MDR
Insurers widely recognize that using a managed detection and response service such as Sophos MDR is one of the best ways to reduce cyber risk. In fact, Sophos research shows that organizations using MDR services claim, on average, 97.5% less than those that rely on endpoint protection alone ($75,000 vs $3M). Many Sophos MDR users enjoy increased coverage options and lower premiums thanks to their lower risk profile.
Cyber Insurance Partnerships
Exclusive Insurance Plans for Sophos MDR Users
Cysurance’s fixed-price insurance plans for Sophos MDR users in the U.S. and Canada provide $270,000 to $3.2M coverage. Customized quoting is available for those that require up to $5M coverage.
Policies include BEC and Business Interruption/ Contingent Business Interruption coverage and enhanced ransomware coverage as standard.
Cysurance also offers exclusive plans for MSPs that use Sophos MDR to secure their own organization
Cyber Risk Insurance
Cowbell harnesses technology and data to provide small and medium-sized enterprises (SMEs) in the U.S. with customized cyber coverage adaptable to today’s and tomorrow’s threats.
Complete the online application and get an instant cyber insurance quote via their broker, iBynd, with the option to make an immediate purchase.
Sophos partnership with Capsule and Beazley
Sophos has partnered with Capsule and Beazley to make it easy for customers of Sophos MSPs to get access to trusted, high quality cyber insurance coverage and potential discounts for the use of Sophos cyber controls. Capsule, a forward-thinking insurance broker that specialises in protecting companies of all sizes from their ever-evolving cyber risks, acts as the authorised and regulated insurance broker placing the insurance, with specialist insurer, Beazley, underwriting the policies.
Visit https://capsulecover.com/online/cyber/sophos for an instant quote. To discuss your requirements, reach out to cyber@capsulecover.com
Sophos partnership with Cowbell
Sophos has partnered with Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), bringing the power of adaptive cyber insurance that recognizes and rewards strong defenses to Sophos customers in the U.K.
Recognizing the reduced cyber risk delivered by Sophos solutions, Cowbell offers discounts for UK customers using Sophos detection and response tools and services:
- 12% premium discount for organizations using Sophos MDR
- 8% premium discount for organizations using Sophos XDR
To discuss your insurance requirements and get personalized pricing, ask your broker for a Cowbell quote or visit uksuppport@cowbellcyber.ai
Frontline Insights: Cyber Insurance and Cyber Defenses
Explore the cyber insurance experiences of 5,000 IT and cybersecurity leaders in this Sophos research report.
Discover the factors driving organizations to purchase cyber insurance and the interplay between defenses and insurance, including the real-world impact of defense investments on insurability.
It’s not just you. Most organizations are finding it tough to secure the cyber insurance cover they need. The ever-increasing frequency and severity of cyberattacks, coupled with growing remediation costs, have caused premiums to soar and coverage to shrink. Sophos can help you put in place the strong cybersecurity controls you need to help optimize your cyber insurance position.
Good Cybersecurity Controls Can Help You Secure Affordable Cyber Insurance
Cyber insurance is all about managing risk and cost. By minimizing the risk of experiencing a cyberattack, you reduce the risk for your insurer, which in turn makes it easier to get the insurance cover you need.
To reduce risk, insurance providers increasingly stipulate strong protection requirements as a condition of providing cover. Here are the top cybersecurity controls to consider:
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Multifactor Authentication (MFA)
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Secured, encrypted, and tested backups
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Email filtering and web security
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Cybersecurity awareness training and phishing testing
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Logging and monitoring/network protections
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Vendor/digital supply chain risk management
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Endpoint detection and response (EDR)
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Privileged access management (PAM)
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Cyber incident response planning and testing
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Hardening techniques, including Remote Desktop Protocol (RDP) mitigation
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End-of-life systems replaced or protected
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Patch management and vulnerability management
On-Demand Virtual Event
Optimizing Your Cyber Insurance Position
Hear directly from leading industry brokers and carriers.
- The cyber insurance market and how risk is modelled
- An insurer’s view on the three Cs — Coverage, Capacity and Claims
- How to best prepare for your cyber insurance renewal
- The 12 keystone cybersecurity controls that insurers look for when assessing risk
- Live Q&A panel discussion from our session speakers
Please note that Sophos is not a licensed insurance producer and does not sell, solicit or negotiate insurance products. By providing access to any third-party websites, (a) Sophos is not recommending or endorsing any such third parties, including any insurance producers and carriers, or any products or services offered by such third parties, and (b) any materials or links contained on its website are intended merely to provide information. To the extent you access a third-party website from a Sophos website, please be advised that Sophos does not investigate, monitor, or check any third-party websites, or the content of such websites, for accuracy, appropriateness, or completeness, and you are solely responsible for your interactions with such third parties.
Endpoint Detection and Response (EDR) Is Increasingly Required to Get Cover
Insurance providers understand that proactive threat hunting and neutralization is an essential part of advanced defenses as it reduces cybersecurity risk. As a result, endpoint detection and response (EDR) capabilities are often a prerequisite for cover.
Sophos Managed Detection and Response
Sophos Managed Detection and Response (MDR) services provide 24/7/365 endpoint detection and response delivered as a fully-managed service. Sophos expert threat hunters and incident responders monitor your environment 24/7/365, investigating and neutralizing suspicious activities to reduce your cyber risk.
Sophos Extended Detection and Response
Sophos Extended Detection and Response (XDR) enables your security analysts to detect, investigate, and respond to threats across endpoints and your wider environment, reducing your risk of experiencing a major cyber incident. Superior protection allows analysts to focus on fewer, more accurate detections while machine learning and threat intelligence accelerate investigation and response, allowing you to stop more threats – faster.
Reduce Recovery Cost With Cyber Incident Response Readiness
The best way to reduce the cost of dealing with a major cyber incident is to prepare in advance. Incident response readiness demonstrates to your insurance provider that you are well placed to keep risk and costs down.
Sophos Rapid Response provides lightning-fast cyber incident response delivered by Sophos experts. It's available to Sophos customers and non-customers alike and is included with the Sophos MDR service.
Knowing who to call when an incident strikes reduces both stress and response time. Add Sophos Rapid Response to your Incident Response plan today.
Speed
- Get immediate help 24/7/365
- Onboarding begins within two hours on average
- Dedicated deployment specialists get up and running fast
- Threat neutralization experts call on experience gained across thousands of incidents
- Existing Sophos customer? We’re even faster still
Technology
- Sophos XDR enables responders to quickly gain the context needed to respond effectively
- Sophos Intercept X’s award-winning next-gen endpoint protection prevents further damage
- Customers benefit from 45 days of ongoing expert monitoring and response
Sophos Incident Response Guide
Based on the real-world experiences of the Sophos Managed Detection and Response and Sophos Rapid Response teams, the Sophos Incident Response Guide help you prepare to respond to a cyber attack.
- Define the framework for your cybersecurity incident response plan
- Learn the 10 main steps your plan should include
- Understand the role managed detection and response (MDR) services play in supporting your plan
