Cyber attacks skyrocketed in 2021, and the trend will continue in 2022. As we launch into a new year, it’s a good time to review your cybersecurity technology stack and your company’s cybersecurity insurance posture. Are you getting the protection you were promised? If not, there’s no time like the present to make the transition to a more proactive, predictive, cyber safety insurance-based platform.
2021 was the year of “more” for the cybersecurity industry: more cyber attacks, at a higher cost. According to IBM’s 2021 Cost of a Data Breach Report, 2021 saw the highest average cost of a data breach in 17 years, rising from $3.86 million to $4.24 million. This was higher when considering ransomware attacks, which topped out at a record $4.64 million on average.
While data breaches and cybersecurity threats continue to increase, technology platforms are doubling down on the same tired promises. Here’s a rundown of some of the assurances from popular companies. Any of them sound familiar?
- We stop breaches.
- Enterprise security without compromise.
- To give you the most thorough application of zero trust, we bake it into every security touchpoint.
- Unmatched visibility and threat protection. Blocks malware without latency.
- Let’s put security everywhere.
- We help you transform IT and security.
- Make trust a competitive advantage.
- We manage, detect, and defend against all malicious activity proactively and effectively.
Often attributed to Nobel Prize winner and physicist Albert Einstein: “The definition of insanity is doing the same thing over and over again and expecting different results.” Yet, insanity is where we find ourselves right now. Companies continue to depend on cybersecurity “solutions” that focus on hunting threats, not stopping them. Organizations keep purchasing staggeringly expensive cyber insurance that also doesn’t cover what is needed. Our industry can’t survive more of the same. For 2022, we need a different approach — and fast.
2022: The Year of CyberSafety
CyberSafety is a predictive, proactive, insured approach to risk management. It consists of three tenets – risk aware, risk control, and risk transfer. We’re calling for 2022 to be The Year of CyberSafety, and here’s how it can be achieved:
- AI/ML X/NDR SOAR Technology
- Risk awareness starts with implementing an AI-based security platform that predicts present threats.
- Our CC/B1 Platform™ is the patented Automated Intelligent Math-based Learning (AI/ML) real-time Extended Network Detection, Response (X-NDR) Security Orchestration Automation and Response (SOAR) Platform. The CC/B1 collects threat data from all corners of an organization’s network, giving companies clear protection of their threat landscape — absolute security, 24×7 peace-of-mind CyberSafety.
- Threat stopping vs. threat hunting
- Why simply hunt threats when there’s technology that can stop them?
- The CC/B1’s XDR (extended detection and response) capabilities use math-defined security rules that constantly dynamically adjust its algorithms to predict behavior of a network and the data traffic that flows. When the CC/B1 detects “never-before-seen” suspicious activity, it automatically neutralizes threats at the TLS handshake by deflecting or dropping the packet. It further records the cyber threat’s attack and the vector, thereby becoming predictive and blocking future malware variants in real time.
- Network-centric cybersecurity embedded insurance
- A company that’s able to predict, respond, and prevent cybersecurity threats will enjoy effective and reasonably priced cyber insurance coverage.
- As the CC/B1 becomes aware of the network’s risk, it is able to forecast the network’s activity. It also obtains the data analytics required to efficiently underwrite and set accurate premiums through CloudCover’s CyberSafety Insurance Coverage. Our insurance provides a $1 Million Ransomware Warranty, including CloudCover Cyber Liability (CCCL) coverage and Information Systems Business Interruption (ISBI) coverage. Our Cybersecurity Network Data Insurance utilizes a proprietary blockchain technology to create an immutable record of the customer’s IT events at risk.
- Network-centric protection and visibility in the palm of your hand
- Everything related to conducting business can be accomplished on your phone – so why would it be any different when it comes to understanding your organization’s cybersecurity/CyberSafety posture?
- Our first-in-class CloudCover App offers users a portable security operation center (SOC) in the palm of their hand, that’s able to understand, analyze, risk report, and yes, provide visibility of a company’s risk-scored posture on a real-time basis – on Android, Windows or iOS smartphone.
If you have one cybersecurity resolution to make this year, let it be this one: Skip the promises, and lock in your organization’s CyberSafety strategy. To get started, request a demo of our CyberSafety CC/B1 Platform at cloudcover.cc/request-a-demo/.
