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CrowdStrike releases Falcon for Insurability , targeted at clients of cyber insurers with preferred rates
CrowdStrike , unveiled Falcon for Insurability , a new programme allowing cyber insurers to provide organisations with industry-cyber protection from the AI-native CrowdStrike Falcon cybersecurity platform at preferred rates . With Falcon for Insurability , insurers including Ascot Group , AXA XL , Beazley Insurance , Berkley Cyber Risk Solutions , Coalition and Resilience reduce underwriting risk knowing that insured organisations have best-in-class cyber protection from the Falcon platform to improve cyber resilience and stop breaches .
The persistence and sophistication of cyberattacks continue to create cyber risk underwriting challenges : more organisations are having to decide between paying higher premiums , receiving reduced coverage , and rationalising their cybersecurity spend . Carriers are requiring companies to have advanced cyber defences to qualify for policies , excluding many from obtaining coverage .
Falcon for Insurability allows carriers to provide the world ’ s most advanced AI-powered protection at preferred rates . With the Falcon platform , organisations can detect 96 % more threats in half the time compared to other vendors , and conduct investigations 66 % faster – significantly improving their ability to stop breaches . This reduces cyber risk for companies and underwriting risk for carriers , allowing more businesses to obtain coverage while increasing their cyberdefenses .
“ As cybersecurity ’ s provider , CrowdStrike understands the nuances of cyber insurance , and we have a team dedicated to working with the cyber insurance community . Our AI-native cybersecurity platform is increasingly important not only to the security of the organisation , but also its insurability ,” said Daniel Bernard , Chief Business Officer , CrowdStrike .
Falcon for Insurability empowers boards of directors and cyber leaders to take a more active role overseeing and comprehensively addressing a risk to resilience journey . This programme reduces the chance that companies will experience an impactful breach that could threaten their reputation and profitability .
“ In today ’ s threat landscape , Falcon for Insurability is a mutually beneficial solution for organisations everywhere . Access to cybersecurity resources and tools like this boosts our clients ’ cyber confidence and our own in extending cyber insurance coverage ,” said Anthony Dagostino , Global Chief Cyber Underwriting Officer , Commercial Lines , AXA .
“ Beazley ’ s Full Spectrum Cyber offering ensures our clients can pre-empt , respond and adapt to emerging cyber threats every day . Deploying CrowdStrike Falcon alongside our solution will deliver powerful new resources to the ongoing battle against cyber criminals and further strengthen our clients ’ cyber resilience ,” said Paul Bantick , Global Head of Cyber Risks , Beazley Insurance .
Daniel Bernard , Chief Business Officer , CrowdStrike
“ We are excited to continue our partnership with CrowdStrike to offer our policyholders access to its expanded portfolio of security solutions . Policyholders now have a variety of options , ranging from very affordable endpoint protection for small businesses to a customisable and solution-specific product for larger organisations ,” said Steve Krusko , Chief Underwriting Officer , Berkley Cyber Risk Solutions .
“ Every day , businesses are bombarded with new and fast-evolving digital risks ,” said John Roberts , General Manager , Security , Coalition . “ Solutions like CrowdStrike ’ s Falcon platform give Coalition ’ s policyholders the ability to actively reduce their cyber risks , help prevent impactful breaches , and improve overall cyber insurance outcomes .”
“ The combination of CrowdStrike ’ s protection with Resilience ’ s unique approach to quantifying and managing cyber risk holistically helps us better understand an organisation ’ s security posture and protect our joint clients ,” said Timothy Riley , SVP Products , Resilience . p
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