XL Catlin Offers Cyber and Technology Insurance Clients Free 90-day Third-Party Security Through Clarium Managed Services
To help thwart cyber security breaches, XL Catlin is offering its primary cyber & technology insurance clients in the US a 90-day free trial of Security as a Service (SECS) from Clarium Managed Services.
Clarium, a Palo Alto Networks NextWave partner with a Traps™ specialization, will provide the services through a simple download process to XL Catlin clients who choose to participate. The services can include a host of risk management benefits and next-generation security capabilities, including Palo Alto Traps™ advanced endpoint protection and Palo Alto Networks WildFire™ cloud-based threat analysis, the industry’s most advanced analysis and prevention engine for highly evasive zero-day exploits and malware.
According to John Coletti, chief underwriting officer, Cyber & Technology, “Nearly 90% of breaches today occur at the endpoint. Studies have shown that organizations that prepare for a cyber event suffer less financial and reputational loss than organizations with no preparation. It’s an opportune time to announce this new benefit for our clients, as we mark National Cyber Security Awareness Month and look to raise awareness of cyber threats and solutions.”
“Clarium offers the full spectrum of breach prevention down to where it counts, the endpoints, with prevention delivered to your company via the cloud. Traps replaces legacy antivirus and secures endpoints with a multi-method prevention approach that blocks malware and exploits, both known and unknown, before they have a chance to compromise those endpoints” said Bill Kelly, Director of Clarium.
In a recent test by AV-TEST, a third-party testing organization, Palo Alto Networks Traps™
advanced endpoint protection version 4.0 achieved maximum protection and performance scores using its standard methodology. Traps achieved 100 percent detection of real-world attacks and a maximum performance score.
At the end of the 90-day trial period, Clarium is offering their services to XL Catlin cyber insurance clients for a promotional discount for two years. The service fee includes enterprise level endpoint protection through Traps™ and WildFire™, 24/7 monitoring, customized compliance reporting, and threat hunting with industry leading behavioral analysis programs. Subscribers also receive free quarterly Security Reviews showing regulatory compliance as well as a snapshot of their cybersecurity program.
XL Catlin’s cyber insurance policy — CyberRiskConnect — provides broad coverage for data protection and privacy risks, both for third-party claims and first-party mitigation costs following a technology or cyber event. Coverage is tailored for businesses across various industries. Several breach preparedness tools are available via our online resource- www.cyberriskconnect.com — as well as through XL Catlin’s preferred vendor network