The Partnership Gives Businesses a Platform to Continuously Assess Their Cyber Risk and Ongoing Management in Consideration of Lowered Cyber Insurance Policy Premium Options
Atlanta, GA – August 2, 2022 – FortifyData an integrated cyber risk management platform that automates risk-based vulnerability assessments and produces prioritized and contextualized risks to an organization and quantifies financial impact, has partnered with Telivy, a cyber insurance provider.
The increasing frequency of cyberattacks on businesses and the rising costs associated with the recovery from a cyberattack, makes cyber insurance a critical component in any cyber risk and liability management strategy. This partnership provides valuable tools for companies to continuously manage cyber risk exposure and insure against the scenarios of ransomware, malware attack or other cyber incident occurring.
“Businesses are seeking additional safety nets in the event that their business is compromised by threat actors, despite their best efforts,” said Vijay, CTO at Telivy. “There’s an understanding in cybersecurity that ‘bad guys only need to get it right once’ to gain access and harm a business, but ‘good guys have to get it right all of the time’ in protecting their organization. Having cyber insurance provides a safety net for those instances when a threat actor is successful. FortifyData will be a cyber risk partner that will help our clients to understand their critical cybersecurity risk exposures and vulnerabilities, and recommendations to mitigate them to reduce the likelihood of a cyber incident.”
The FortifyData cybersecurity risk management platform enables organizations to identify and manage their risk exposure across external networks, internal networks, cloud misconfigurations and third parties’ exposures. Through both active and passive assessments organizations get the most current and accurate visibility of risks their organization is exposed to.
“We believe continuous visibility and ongoing management of cyber risk exposures is an important step in obtaining a favorable cyber insurance policy. Through this partnership, we will help incorporate risk transfer decisioning intelligence data to help many risk managers effectively determine and allocate security investments,” said Victor Gamra, CEO and Founder at FortifyData. “We are excited about this partnership with Telivy and we look forward to the improved outcomes enjoyed by our clients.”
FortifyData is an integrated cyber risk management platform that enables customers to identify and manage risk exposure across their entire attack surface. FortifyData gives organizations a 360-degree view of their cyber risk exposure through comprehensive external and internal technology assessments, control assessments, and collaborative third-party risk management solutions, and is the only cyber risk management platform with configurable risk modeling allowing users to accurately represent their risk exposure level. Additionally, data can be analyzed by FortifyData’s cyber risk quantification module to help automate the translation of asset, vulnerability and risk information into financial impact to the organization. Learn more about FortifyData.com and request a complimentary cyber risk assessment.
Telivy empowers retail insurance agencies and security compliance platforms to quickly and easily distribute cyber insurance to their small business customers. Unlock novel digital distribution opportunities and capabilities with Telivy’s multi-carrier digital cyber insurance brokerage and embedded insurance solution. Learn more at Telivy.com.