SECURITY
SECURITY
SECURITY
Cowbell Cyber launches risk exchange to improve access to cybersecurity insurance
Artificial intelligence-powered cybersecurity insurance provider Cowbell Cyber Inc. has launched a risk exchange marketplace called Cowbell Rx with an aim of making it easier for companies to obtain that insurance.
In an age where cyberattacks continue to increase, the need for companies to have access to cyber insurance is an issue that has been discussed at a national level, especially since it was part of the agenda at the White House security summit in August.
With national attention given to cyber insurance, Cowbell Rx is claimed to close insurability gaps by providing cyber insurance applicants with the resources required to meet eligibility requirements. In doing so, it also enables active policyholders to improve their organization’s risk profile continuously.
Cowbell Rx is said to be the first marketplace provided by a cybersecurity insurer to help businesses gain access to recommended partners that offer solutions to organizations so they can meet the minimal criteria to get the insurance coverage.
The service offers preferred access to security services and vendors in the following categories:
- Deployment of multifactor authentication and robust identity management solution
- Endpoint protection
- 24×7 security monitoring for threat detection and prevention
- Backup and disaster recovery
- Compliance consulting and services
“Cowbell Rx is a key component of Cowbell’s closed-loop risk management initiative to continuously improve an organization’s risk profile,” Isabelle Dumont, vice president of market engagement at Cowbell Cyber, said in a statement, adding that it’s working with 20 of cybersecurity’s top leaders. “Together with our partners, we are bringing streamlined access to today’s top cybersecurity services and solutions straight to current and future policyholders.”
Cowbell Cyber is a venture capital-backed startup that launched in 2019. According to Crunchbase, the company has raised $23.6 million from investors, including Avanta Ventures, Markel Corp., Holmes Murphy & Associates, Manchester Story Group and Tri-Valley Ventures.
Image: Cowbell Cyber/Facebook
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
