Cyber insurance services will now be extended to Sophos clients in Australia by Cysurance.
Cysurance Partners with Sophos to Offer Progressive Cyber Protection in Australia
Progressive risk mitigation company Cysurance has announced a new partnership with cybersecurity giant Sophos to offer its progressive financial cyber protection program in Australia. The program aims to provide comprehensive and affordable enhanced ransomware protection and cyber-insurance policies to businesses in the country.
The insurance program covers a wide range of costs associated with cyber threats, including first-party incident response, business interruption, digital data recovery, cyber extortion, and third-party liability costs. It offers strong protection against financial losses from various cyber incidents, helping businesses operate confidently.
Cysurance claims that extending its offering to Sophos' Australian customers is a milestone in its mission to provide global progressive cybersecurity solutions. The program is backed by carriers in the 'Lloyds Syndicate,' ensuring reliable coverage for ransomware attacks and incident response costs up to the policy's total limit.
The program provides local brokerage support in Australia through the Howden Broking Group, LTD Insurance Brokers. Most Sophos MDR users will automatically qualify for discounted, high-quality progressive cyber insurance policies.
Sophos MDR customers can bypass traditional application and underwriting processes, making the insurance application process seamless and efficient. The insurance providers underwriting Cysurance cyber insurance policies for ransomware and other cyber events for Sophos customers in Australia are East West Insurance Brokers (EWIB) and Munich Re.
Cysurance's extended ransomware protection responds first in case of an incident. If this protection is exhausted, the progressive cyber insurance will cover additional remediation expenses. The program offers a streamlined application process for Sophos customers in Australia, and reduced insurance costs are a benefit for businesses.
The policies offer extended protection for ransomware incidents. Cysurance certifies, warrants, and insures progressive cybersecurity solutions for enterprise end-users, ensuring that businesses using Sophos managed detection and response (MDR) and Endpoint solutions are well-protected.
Overall, this partnership between Cysurance and Sophos is a significant step towards reducing the frequency, severity, and business impact of cyber incidents for Australian businesses. With the increasing threat of ransomware and other cyber attacks, this progressive program offers a much-needed solution for businesses looking to safeguard their operations and financial wellbeing.
