Insurers identify 17 cybersecurity solutions they consider effective in reducing cyber risk
New York, NY (Sept. 24, 2019) – Marsh, the world’s leading insurance broker and risk adviser, has announced the inaugural class of cybersecurity solutions receiving a Cyber CatalystSM designation as part of a first-of-its-kind evaluation program designed to bring organizations greater clarity in the crowded cybersecurity marketplace.
Cyber Catalyst by MarshSM, launched earlier this year, convened leading cyber insurers Allianz; AXIS; AXA XL, a division of AXA; Beazley; CFC; Munich Re; Sompo International; and Zurich North America to identify products and services they consider effective in reducing cyber risk. More than 150 cybersecurity offerings, spanning a broad range of categories from hardware to messaging security to IoT security, were submitted for evaluation.
Ultimately, 17 solutions were selected for the Cyber Catalyst designation:
- Aruba Policy Enforcement Firewall
- BigID Data Privacy Protection and Automated Compliance
- CrowdStrike Adversary Emulation Penetration Testing
- Crowdstrike Falcon Complete™
- Digital Guardian Data Protection Platform
- FireEye Email Security
- FireEye Endpoint Security
- Forescout Device Visibility and Control Platform
- HackerOne Bounty
- HPE Silicon Root of Trust
- KnowBe4 Security Awareness Training and Simulated Phishing Platform
- Mimecast Secure Email Gateway with Targeted Threat Protection
- Perspecta Labs SecureSmart™ critical infrastructure monitoring solution
- RSA SecurID® Suite
- Trustwave® DbProtect™
- Virsec® Security Platform
- Zingbox IoT Guardian™
“Cyber Catalyst is a ground-breaking approach to help organizations make well-informed decisions in the complex $125 billion cybersecurity marketplace,” said Tom Reagan, US Cyber Practice Leader, Marsh. “This year’s class of 17 Cyber Catalyst designated solutions leverages the experience and insights of the insurance industry to broaden the discussion around best practices and drive improved cyber risk management outcomes.”
Organizations that adopt Cyber Catalyst-designated solutions may be considered for enhanced terms and conditions on individually negotiated cyber insurance policies with participating insurers. Marsh has worked with each participating insurer to establish endorsement wordings that reflect the coverage enhancements that those insurers might offer to Marsh clients that adopt one or more Cyber Catalyst-designated solution.
More information about the inaugural class of Cyber Catalyst solutions and the selection process can be found at www.marsh.com/cybercatalyst.
The next Cyber Catalyst program cycle is expected to open in 2020.
Marsh is the world’s leading insurance broker and risk adviser. With more than 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of more than US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. To learn more, subscribe to BRINK.
Source: MarshTags: Allianz, AXA, Beazley, CFC Underwriting, cyber risk, cyber security, industry first, Marsh, Munich Re, solution, Zurich