Sun. Oct 2nd, 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: Rapidly Evolving Cyber Insurance? Q2 Cyber Round-Up From Cowbell Cyber

    Information - 92%
    Insight - 91%
    Relevance - 89%
    Objectivity - 88%
    Authority - 90%

    90%

    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 Cyber Releases Q2 Cyber Round-Up Report

    Closing the Loop: Enabling SMEs to Continuously Improve Their Cyber Risk Profile

    Cowbell Cyber, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today (June 22, 2022) announced the results of its Q2 cyber insurance risk report, the Cowbell Cyber Round-Up. The report, the second of its kind from Cowbell, offers insight into and rationale behind cyber insurance for SMEs.

    The Q2 Cyber Round-up report features insights into Cowbell’s closed-loop approach to risk management, continuous underwriting as well as continuous risk assessment and improvement. It explores cyber risk at the individual level, through Cowbell Factors to any risk portfolio, and also the mechanisms behind Cowbell’s ability to proactively prevent cyber incidents by engaging policyholders throughout the lifecycle of a policy.

    “Cyber insurance is rapidly evolving; the availability of meaningful risk signal analysis at the individual and portfolio levels is critical to establish confidence with all insurance stakeholders,” said Isabelle Dumont, SVP of marketing and technology partnerships at Cowbell Cyber. “With real-time and advanced insights on how cyber risks are evolving within the U.S. SME population, Cowbell Cyber is building a new generation of cyber insurance offerings that allow policyholders to invest in the security measures that matter the most.”

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

    • Cowbell Cyber Heatmap: The report highlights sectors at risk through the new heatmap that enables brokerage firms, carriers, and other entities to gain immediate visibility into the health of a group of accounts and help policyholders improve their cyber risk profile.
    • New Representation of Cowbell Factors: Organizations can now more easily understand where their cyber risk profile stands, whether they are more or less secure than industry peers and how close they might be to the extremes. Red and green color coding also gives an immediate indication of whether a specific Cowbell Factor is below or above the industry average.
    • Spotlight: The report indicates specific zero-days that are immediately translated into early warnings for policyholders through Spotlight, an advanced feature available on specific accounts that allows Cowbell to react quickly to the latest vulnerabilities.
    • Underwriting Efficiencies: Operating profitably in the SME market requires distribution and underwriting efficiencies. The report details how Cowbell outperforms the market in specific underwriting processes.

    This is the second Round-up report delivered by Cowbell. The Q1 2022 report is available to view here. With these reports, Cowbell aims to bring clarity and transparency into the process with data, measurements, and benchmarks that set expectations.

    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 Cyber offers standalone, individualized, and easy-to-understand cyber insurance for small and medium-sized enterprises (SMEs). 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 Q2 2022 – (PDF) – Mouseover to Scroll

    Cowbell-SME-Cyber-Round-Up-Q2-2022

    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.

    Data Corpus Minimization? IDC Recognizes DISCO as Early Case Assessment Software Leader

    “As innovation continues to impact and disrupt the legal world, we’ve...

    Building a Cybersecurity Workforce? The European Cybersecurity Skills Framework

    According to ENISA's Executive Director, Juhan Lepassaar, "The future security of...

    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...

    eDiscovery Mergers, Acquisitions, and Investments in Q3 2022

    From HaystackID and Relativity to Exterro and TCDI, the following findings,...

    Allegations and Denials? Nuix Notes ASIC Enforcement Proceedings

    The recent investor news update from Nuix on 29 September 2022,...

    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...

    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...

    Bubble Trouble? eDiscovery Operational Metrics in the Fall of 2022

    In the fall of 2022, 89 eDiscovery Business Confidence Survey participants...

    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...

    A Significant Operational Defeat? Ukraine Conflict Assessments in Maps (September 27 – October 1, 2022)

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

    Perception and Reality? Ukraine Conflict Assessments in Maps (September 22 – 26, 2022)

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

    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...