CrowdStrike Falcon for Insurability Fast Tracks Companies for Cyber Insurance Eligibility
05 Junho 2024 - 9:00AM
Business Wire
New program allows insurance carriers to
provide companies with the best-in-class protection of the Falcon
platform at preferred rates
CrowdStrike (Nasdaq: CRWD) today unveiled Falcon for
Insurability, a new program allowing cyber insurers to provide
organizations with industry-leading 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 organizations 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 organizations are
having to decide between paying higher premiums, receiving reduced
coverage, and rationalizing their cybersecurity spend. Carriers are
requiring companies to have advanced cyber defenses 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,
organizations 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 leader, 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
organization, 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.”
Supporting Quotes
"In today’s threat landscape, Falcon for Insurability is a
mutually beneficial solution for organizations 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. “This program reduces the chance
that companies will experience an impactful breach that could
threaten their reputation and profitability.”
“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.
“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 customizable and solution-specific product for
larger organizations,” said Steve Krusko, Chief Underwriting
Officer, Berkley Cyber Risk Solutions. “All Berkley Cyber Risk
Solutions’ policyholders can access tools to mitigate today’s most
relevant threats to their IT systems.”
“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.”
“We are excited to build upon our long-standing partnership with
CrowdStrike through the Falcon for Insurability program. The
combination of CrowdStrike’s leading protection with Resilience’s
unique approach to quantifying and managing cyber risk holistically
helps us better understand an organization’s security posture and
protect our joint clients,” said Timothy Riley, SVP Products,
Resilience.
For more information, please see the CrowdStrike website
here.
About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has
redefined modern security with the world’s most advanced
cloud-native platform for protecting critical areas of enterprise
risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI,
the CrowdStrike Falcon® platform leverages real-time indicators of
attack, threat intelligence, evolving adversary tradecraft and
enriched telemetry from across the enterprise to deliver
hyper-accurate detections, automated protection and remediation,
elite threat hunting and prioritized observability of
vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent
architecture, the Falcon platform delivers rapid and scalable
deployment, superior protection and performance, reduced complexity
and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/ Follow us: Blog |
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version on businesswire.com: https://www.businesswire.com/news/home/20240605395931/en/
Media Contact Jake Schuster CrowdStrike Corporate
Communications press@crowdstrike.com
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