Introducing DUAL Cyber Active Protect: A New Era in Cyber Insurance and Prevention
In an age where cyber threats loom large, DUAL Europe is making waves with the launch of its innovative product, DUAL Cyber Active Protect. This groundbreaking solution merges comprehensive cyber insurance with proactive cyber prevention services, setting a new standard in the industry.
DUAL Cyber Prevention and Response: Customized Solutions for Modern Challenges
Alongside the launch of DUAL Cyber Active Protect, DUAL Europe has introduced DUAL Cyber Prevention and Response (DUAL CPR), a dedicated entity focused on providing tailored incident prevention and management solutions. This initiative is a pivotal step in DUAL’s mission to integrate traditional cyber insurance with cutting-edge managed security services, offering businesses a holistic approach to cybersecurity.
Streamlining Cyber Risk Assessment for SMEs
In collaboration with leading technology providers Silverfort and Cynet, DUAL Europe has developed an integrated solution that simplifies the cyber risk assessment process. This innovation eliminates the need for cumbersome traditional cyber risk questionnaires for standard small and medium-sized enterprises (SMEs) and reduces underwriting questions for more complex accounts. This streamlined approach is designed to make cyber insurance more accessible to businesses that may have previously found it daunting.
Advanced Cybersecurity Solutions for Enhanced Protection
DUAL Cyber Active Protect offers state-of-the-art identity security through Silverfort, coupled with Cynet’s All-in-One Cybersecurity Platform. This powerful combination ensures robust cyber defense while providing essential insurance coverage. According to DUAL, this integrated solution not only enhances security but also enables businesses that previously lacked adequate protection to access comprehensive insurance coverage. Research from the World Economic Forum reveals that a staggering 75% of SMEs opt not to purchase cyber insurance due to cost and complexity.
Empowering SMEs with Comprehensive Risk Management
Ali Khodabakhsh, head of Cyber at DUAL Europe and managing director of DUAL CPR, emphasizes the transformative nature of the Cyber Active Protect solution. "Our approach provides insured clients with end-to-end risk management," he states. By integrating insurance with advanced cybersecurity tools—such as Identity Threat Detection and Response, Identity Security Posture Management, and Endpoint Detection and Response—DUAL is paving the way for previously uninsurable companies to become insurable.
A Holistic Solution for Cyber Resilience
DUAL Cyber Active Protect transcends traditional insurance offerings. It serves as a comprehensive solution for cyber resilience, removing barriers like lengthy questionnaires and providing proactive protection. This innovative approach significantly enhances risk quality, making it an ideal choice for first-time buyers who may lack sufficient security standards. The initiative aims to drive market penetration by opening access to companies that were previously unable to secure coverage.
The Role of Cynet and Silverfort in Cybersecurity
Cynet’s All-in-One Platform plays a crucial role in this integrated solution, offering detection, prevention, and response capabilities. It protects endpoints, users, and networks from various threats, including malware and ransomware, while also automating incident response and remediation with 24/7 managed detection and response services. Eyal Gruner, CEO and founder of Cynet, highlights the importance of simplifying cybersecurity for resource-constrained organizations, stating, "This innovative approach combines our technology with insurance, providing companies with a powerful and accessible solution for comprehensive protection."
Silverfort’s Identity Security Platform enhances the security of every identity, whether in the cloud, on-premises, or within legacy systems. By intercepting illegitimate access requests in real-time, Silverfort ensures continuous protection and visibility, which is vital in today’s threat landscape. Leslie Bois, Vice President of Global Channels at Silverfort, notes that their solution is designed to detect anomalous behavior and enforce universal multi-factor authentication without added complexity.
About DUAL Group
DUAL Group stands as one of the world’s largest international underwriting agencies, boasting a gross written premium of US$3.2 billion. With a robust global network comprising 11,000 broker partners and more than 1,800 professionals, DUAL Europe has established a strong presence since its inception in 2022, operating in 13 countries from 19 locations.
In Summary
The launch of DUAL Cyber Active Protect and DUAL CPR represents a significant advancement in the realm of cyber insurance and prevention. By combining comprehensive coverage with proactive security measures, DUAL Europe is not only enhancing the accessibility of cyber insurance for SMEs but also setting a new benchmark in the industry. As cyber threats continue to evolve, solutions like these are essential for fostering resilience and ensuring that businesses are equipped to navigate the complexities of the digital landscape.