Sun. Sep 25th, 2022
    en flag
    nl flag
    et flag
    fi flag
    fr flag
    de flag
    he flag
    ja flag
    lv flag
    pl flag
    pt flag
    es flag
    uk flag

    Content Assessment: Continuous Risk Improvement? Q3 Cyber Round-Up From Cowbell Cyber

    Information - 92%
    Insight - 93%
    Relevance - 90%
    Objectivity - 91%
    Authority - 92%

    92%

    Excellent

    A short percentage-based assessment of the qualitative benefit of the announcement and report from Cowbell Cyber on cyber insurance for small and medium-sized enterprises.

    Editor’s Note: From time to time, ComplexDiscovery highlights publicly available or privately purchasable announcements, content updates, and research from cyber, data, and legal discovery providers, research organizations, and ComplexDiscovery community members. While ComplexDiscovery regularly highlights this information, it does not assume any responsibility for content assertions.

    To submit recommendations for consideration and inclusion in ComplexDiscovery’s cyber, data, and legal discovery-centric service, product, or research announcements, contact us today.


    Press Release

    Cowbell Report Finds Policyholders Experience Significant Risk Improvement Upon Renewal

    Policyholders experience a 9% improvement in relative risk rating after 12 months of cyber coverage with Cowbell

     Cowbell, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced the results of its Q3 cyber insurance risk report, the Cowbell Cyber Round-Up report. The topline findings of the report showcase that Cowbell’s continuous risk assessment and monitoring keep policyholders and insurers up-to-date with risk profile changes, enabling the proactive remediation of newly identified risk exposures, resulting in a 9% improvement in relative risk rating.

    The report finds policyholders significantly improve their risk profile and optimize their premium at renewal by taking advantage of the risk management and risk engineering resources bundled by Cowbell with every policy. Through Cowbell Factors, policyholders enter the cyber insurance renewal cycle with unmatched visibility and control over their risk exposures. Cowbell’s continuous assessment equips businesses prior and throughout the policy period to help improve their cyber risk profile and circumvent cyber incidents. This data underpins Cowbell’s low reported claims of under 2%, well under the industry average.

    “Every Cowbell policy is bundled with access to robust risk management resources. This partnered approach gives control back to the policyholder when it comes to improving their cybersecurity posture, and thus, policy and premium,” says Manu Singh, director of risk engineering at Cowbell. “The Q3 Cyber Round-Up report clearly demonstrates the positive impact this approach has on our policyholders.”

    Highlighted features and findings in this quarter’s report include:

    • At renewal, the risk rating (aka Cowbell Factors) of Cowbell’s policyholders as benchmarked against their respective industries shows a relative 9% improvement overall validating the on-going efforts from Cowbell’s risk engineering team to engage policyholders on a continuous risk improvement process to help them avoid cyber incidents.
    • Accounts that enable Cowbell Connectors, an additional activation that generates deeper insights of an organization’s risk profile, perform better end up across all Cowbell Factors by an average of 5 percentage points compared to their industry peers. 

    This is the third Round-Up report delivered by Cowbell. Through these reports, Cowbell showcases a new era in cyber insurance by championing a new form of coverage and policies that give back control to the policyholders on how their cybersecurity posture directly impacts their policy and premium.

    SMEs that want to understand whether they represent a bigger insurance risk than industry peers are invited to request their organization’s Cowbell Factors at https://cowbell.insure/for-businesses/.  

    About Cowbell Cyber

    Cowbell is signaling a new era in cyber insurance by harnessing technology and data to provide small and medium-sized enterprises (SMEs) with advanced warning of cyber risk exposures bundled with cyber insurance coverage adaptable to today and tomorrow’s threats. In its unique AI-based approach to risk selection and pricing, Cowbell’s continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia. Cowbell Reinsurance Company is a licensed insurance captive in the State of Vermont. For more information, please visit www.cowbell.insure.

    Read the original release.


    Complete Report: Cyber Round-Up Q3 2022 – (PDF) – Mouseover to Scroll

    Q3-22-SME-Cyber-Round-Up-Continuous-Risk-Improvement-in-Action

    Read the original report.


    Additional Reading

    Source: ComplexDiscovery

     

    Have a Request?

    If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

    ComplexDiscovery is an online publication that highlights cyber, data, and legal discovery insight and intelligence ranging from original research to aggregated news for use by cybersecurity, information governance, and eDiscovery professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding cyber, data, and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

    ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of cyber, data, and legal discovery organizations. Focused primarily on supporting the ComplexDiscovery publication, the company is registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world. The company operates virtually worldwide to deliver marketing consulting and services.

    Leaning Forward? The CISA 2023-2025 Strategic Plan

    The purpose of the CISA Strategic Plan is to communicate the...

    Continuous Risk Improvement? Q3 Cyber Round-Up From Cowbell Cyber

    According to Manu Singh, director of risk engineering at Cowbell, "Every...

    A Comprehensive Cyber Discovery Resource? The DoD Cybersecurity Policy Chart from CSIAC

    The Cyber Security and Information Systems Information Analysis Center (CSIAC) is...

    Rapidly Evolving Cyber Insurance? Q2 Cyber Round-Up From Cowbell Cyber

    According to Isabelle Dumont, SVP of Marketing and Technology Partners at...

    Revealing Response? Nuix Responds to ASX Request for Information

    The following investor news update from Nuix shares a written response...

    Revealing Reports? Nuix Notes Press Speculation

    According to a September 9, 2022 market release from Nuix, the...

    Regards to Broadway? HaystackID® Acquires Business Intelligence Associates

    According to HaystackID CEO Hal Brooks, “BIA is a leader in...

    One Large Software and Cloud Business? OpenText to Acquire Micro Focus

    According to OpenText CEO & CTO Mark J. Barrenechea, “We are...

    On the Move? 2022 eDiscovery Market Kinetics: Five Areas of Interest

    Recently ComplexDiscovery was provided an opportunity to share with the eDiscovery...

    Trusting the Process? 2021 eDiscovery Processing Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    The Year in Review? 2021 eDiscovery Review Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    A 2021 Look at eDiscovery Collection: Task, Spend, and Cost Data Points

    Based on the complexity of cybersecurity, information governance, and legal discovery,...

    Five Great Reads on Cyber, Data, and Legal Discovery for September 2022

    From privacy legislation and special masters to acquisitions and investigations, the...

    Five Great Reads on Cyber, Data, and Legal Discovery for August 2022

    From AI and Big Data challenges to intriguing financial and investment...

    Five Great Reads on Cyber, Data, and Legal Discovery for July 2022

    From lurking business undercurrents to captivating deepfake developments, the July 2022...

    Five Great Reads on Cyber, Data, and Legal Discovery for June 2022

    From eDiscovery ecosystem players and pricing to data breach investigations and...

    Cooler Temperatures? Fall 2022 eDiscovery Business Confidence Survey Results

    Since January 2016, 2,874 individual responses to twenty-eight quarterly eDiscovery Business...

    Inflection or Deflection? An Aggregate Overview of Eight Semi-Annual eDiscovery Pricing Surveys

    Initiated in the winter of 2019 and conducted eight times with...

    Changing Currents? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2022

    In the summer of 2022, 54.8% of survey respondents felt that...

    Challenging Variants? Issues Impacting eDiscovery Business Performance: A Summer 2022 Overview

    In the summer of 2022, 28.8% of respondents viewed increasing types...

    Nuclear Options? Ukraine Conflict Assessments in Maps (September 17 – 21, 2022)

    According to a recent update from the Institute for the Study...

    Mass Graves and Torture Chambers? Ukraine Conflict Assessments in Maps (September 12 – 16, 2022)

    According to a recent update from the Institute for the Study...

    On The Run? Ukraine Conflict Assessments in Maps (September 7 – 11, 2022)

    According to a recent update from the Institute for the Study...

    Tangible Degradation? Ukraine Conflict Assessments in Maps (September 2 – 6, 2022)

    According to a recent update from the Institute for the Study...