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Sophos acquires Arco Cyber to enhance CISO-level AI security services
Yahoo Finance· 2026-02-11 10:36
Core Insights - Sophos has acquired Arco Cyber to enhance its cybersecurity offerings and provide AI-powered security insights to businesses through its global partner network [1][2] Group 1: Acquisition Details - The acquisition price of Arco Cyber remains undisclosed [1] - This move is part of Sophos' broader strategy to improve cyber risk management and governance across organizations, regardless of their security maturity [2] Group 2: Arco Cyber's Technology - Arco Cyber has developed a cloud platform that collects and correlates data from various security systems, providing organizations with visibility into effective controls and identifying areas of exposure [3] - The platform highlights priorities for remediation relevant to business and risk outcomes [3] Group 3: Strategic Alignment - The acquisition aligns with Sophos' CISO Advantage initiative, which aims to equip managed service providers (MSPs) and managed security service providers (MSSPs) with tools for delivering executive-level oversight as a service [4] - Arco Cyber's CEO emphasized the mission to help organizations transition from assumption to proof in cybersecurity [4] Group 4: Integration and Impact - Following the acquisition, Sophos plans to integrate Arco Cyber's technology and team into its central platform, Sophos Central, to enhance continuous security assurance, risk mapping, and compliance monitoring for partners [5] - The integration aims to support decision-making at the executive level by validating the effectiveness of security controls and aligning them with risk and compliance frameworks [6] Group 5: Role of MSPs and MSSPs - With enhanced capabilities, MSPs and MSSPs are positioned to deliver cybersecurity services at scale, translating technical insights into actionable steps for organizations [7] - Sophos intends for these providers to evolve from technical operators to strategic advisors for clients' cybersecurity needs [7]
Verisk, KYND Expand Collaboration to Strengthen Cyber Resilience for Insurers
Globenewswire· 2025-12-10 10:00
Core Insights - Verisk has expanded its strategic collaboration with KYND to enhance cyber risk intelligence for the insurance market [1][2] - The integration of KYND's cyber risk insights into Verisk's Rulebook platform aims to improve pricing, underwriting, and distribution services across major business classes [2][5] Cyber Risk Landscape - Research from KYND indicates that 80% of the UK's top 50 retailers are exposed to at least one critical cyber vulnerability, with over a third facing risks across all five major categories: ransomware, outdated software, vulnerable services, email security flaws, and certificate issues [3] - The holiday season is expected to heighten cyber risks, particularly for retailers who manage vast customer data and complex supply chains [4] Strategic Goals - Verisk's collaboration with KYND is focused on building resilience across the insurance value chain through data-driven innovation and advanced technology [4] - The partnership aims to empower clients to make faster and better-informed decisions, modernizing commercial underwriting and enhancing resilience through actionable insights [5]
DUAL Group partners with KYND to bolster cyber insurance offerings
Yahoo Finance· 2025-09-10 11:46
Core Insights - DUAL Group has partnered with KYND to enhance its cyber insurance services, starting in Australia and New Zealand with plans for a global rollout [1][4] - The collaboration aims to provide brokers and clients with advanced risk assessment tools and ongoing monitoring of cyber risk profiles [2][3] Group 1: Partnership Details - The initial phase of the partnership will focus on Australia and New Zealand, with a subsequent global launch planned [1] - Clients will receive a KYND Signals report with each cyber insurance quote, detailing a risk profile based on over 250 factors [2] Group 2: Service Features - The new services will include ongoing monitoring through KYND ON, allowing clients to identify and address potential cyber threats in real time [2][3] - Alerts for emerging threats that could compromise data security will also be part of the offering [3] Group 3: Strategic Importance - DUAL Group's chief innovation officer emphasized the commitment to innovate in cyber solutions, empowering clients with actionable insights [3] - KYND's CEO highlighted the significance of the partnership, noting DUAL's global scale and commitment to innovation in the cyber landscape [4]
WireX Systems and Brown & Brown Announce Strategic Collaboration to Advance Cyber Risk Management and Insurance Outcomes
Prnewswire· 2025-06-17 10:00
Core Insights - WireX Systems has announced a strategic collaboration with Brown & Brown to enhance risk management and insurance outcomes through the integration of cybersecurity solutions and risk identification processes [1][3][4] Group 1: Collaboration Details - The partnership aims to combine WireX Systems' cybersecurity expertise with Brown & Brown's analytics and brokerage capabilities to improve incident response and financial benefits for organizations [4][5] - Brown & Brown has a dedicated cyber insurance team that provides innovative cybersecurity risk solutions, leveraging its extensive experience since 1939 [3][4] Group 2: Operational Impact - WireX Systems focuses on redefining incident response by providing clear answers to critical post-incident questions, enabling faster investigations and reducing dwell time [2][5] - The collaboration seeks to translate cybersecurity maturity into measurable financial benefits, allowing organizations to assess their investments and insurance limits based on their cyber maturity [4][5] Group 3: Strategic Goals - The goal of the collaboration is to empower organizations to respond to incidents with speed and clarity, bridging the gap between technical readiness and financial resilience [4][5] - The partnership aims to provide organizations with a clearer understanding of cybersecurity ROI, ultimately reducing residual risk and ensuring that insurance premiums reflect real-world cyber maturity [5]
Markel launches InsurtechRisk+ product for insurtech businesses
Prnewswire· 2025-06-11 07:00
Core Insights - Markel Insurance has launched the InsurtechRisk+ product aimed at insurtech businesses, providing coverage with limits up to GBP £10 million across various regions including the UK, Europe, Australia, Asia, and Canada [1] Group 1: Product Features - The InsurtechRisk+ package includes four insuring clauses: insurance services and technology liability, directors and officers (D&O) liability, crime, and cyber liability and loss cover [1] - Insured clients will have access to value-added services such as 24/7 business, legal and employment advice, R&D tax advisory, debt recovery support, grant and funding assistance, contract reviews, and a cyber risk toolkit [2][3] Group 2: Market Context - The product addresses the evolving cyber risk landscape, which has seen more advanced attacks utilizing AI tools to compromise company networks and steal sensitive information [4] - Markel aims to provide a comprehensive solution that minimizes coverage gaps often found when dealing with multiple insurers, thus allowing clients to focus on business growth [3] Group 3: Strategic Goals - The launch of InsurtechRisk+ is part of Markel's strategy to offer superior coverage and proactive risk management solutions, moving beyond traditional post-loss assistance [5] - The company emphasizes its commitment to tailoring services to meet the specific needs of insurtech businesses, enhancing the role of insurers in risk management [5]