US-based Cysurance unveils discounted cyber insurance for Australian Sophos customers

US-based Cysurance unveils discounted cyber insurance for Australian Sophos customers | Insurance Business Australia

Cyber

US-based Cysurance unveils discounted cyber insurance for Australian Sophos customers

Launch follows program’s success in the US

Cyber

By
Roxanne Libatique

Cysurance, a US-based risk mitigation company that specialises in certifying, warranting, and insuring cybersecurity solutions for enterprise clients, has introduced its financial cyber protection program for global security software company Sophos’s customers in Australia.

This launch extends the program’s previous success in the US and aligns with Cysurance’s goal to offer enhanced ransomware protection and cyber insurance globally.

Sophos MDR clients can bypass traditional application and underwriting processes, with most customers qualifying instantly for discounted cyber insurance policies.

In the event of a cyber incident, Cysurance’s extended ransomware protection is activated first, followed by the cyber insurance covering additional remediation expenses and other security or business continuity costs up to the policy’s limit.

Benefits for Sophos customers in Australia include a simplified application process, automatic qualification for those using Sophos MDR, and reduced insurance costs, allowing businesses to reallocate resources to improve their cybersecurity measures.

Brokerages supporting the Cysurance program in Australia

Local brokerage support in Australia is provided by Howden Broking Group and LTD Insurance Brokers, offering assistance and guidance to customers throughout the process.

Sophos Australia managing director John Donovan said MDR has become essential for Australian organisations to ensure they have robust defences in place amid the growing complexity of cyber threats.

“As the threat landscape continues to increase in complexity, most organisations can’t manage cybersecurity on their own and neither should they have to. This is why MDR has become an essential requirement for organisations to ensure they have the best defences to protect themselves,” Donovan said. “Cysurance recognises this and the value that Sophos’s 24/7 threat detection and response experts provide to mitigate cyber risk. Cysurance’s discounted insurance offering for Sophos customers is a testament to Sophos’s MDR capabilities and the effective security services we provide.”