Cowbell now provides 24/7 incident response to cybersecurity insurance policy holders

Cybersecurity insurance coverage supplier Cowbell Cyber Inc. at this time introduced a brand new round the clock service that provides policyholders complete assist for danger enchancment and incident response.

Cowbell 365 offers 24-hour availability day by day of the week, one year a 12 months, bringing experience and responsiveness from its in-house crew of cyber claims specialists and cyber danger engineers. The corporate argues that danger remediation and incident preparedness make the distinction between low- and high-impact incidents that may result in weeks of enterprise interruption, reputational hurt and different losses. Smaller organizations don’t usually have the capability to reply to incidents and usually tend to be economically paralyzed by a serious assault.

That’s the place Cowbell 365 steps in. By way of its cyber insurance coverage, claims and danger engineering servicing, Cowbell supply a crew of in-house cyber professionals, together with skilled cyber claims counsel and specialists. Its danger engineers monitor the risk panorama and help policyholders in adopting finest cybersecurity finest practices.

“Cyber incidents are the worst days within the skilled lifetime of a lot of our policyholders,” Theresa Le, chief claims officer at Cowbell, stated in an announcement. “We’re proud to supply them 24/7 entry to Cowbell cyber specialists to offer knowledgeable steerage after they want it essentially the most.”

Manu Singh, vp of danger engineering at Cowbell, added that the brand new service “represents the power of high-caliber consultants in cyber claims and danger engineering to mitigate and strengthen the cyber danger posture of a company, serving to policyholders grow to be proactive of their strategy to cybersecurity and incident response mitigation.”

Cowbell additionally offered some stats on the way it at the moment handles ransom claims, with a ransom fee obligatory fewer than 25% of the time. The quantity is alleged to exhibit that the overwhelming majority of Cowbell policyholders have viable backups, efficient enterprise continuity and restoration plans and methods to recuperate from ransomware that don’t contain paying the risk actor.

Cowbell is a enterprise capital-backed startup, having final raised $100 million in March. Traders embody Permira Advisers LLP, PruVen Capital LLC, NYCA Companions LLC and Viola Fintech GP Ltd.

Picture: Cowbell Cyber