Cysurance has announced the availability of its successful financial cyber protection program with Sophos in Australia. This extension of its offering already available in the United States marks an important milestone in the company’s mission to offer comprehensive and affordable enhanced ransomware protection and cyber-insurance policies to businesses globally.

Cysurance is a next-generation risk mitigation company that certifies, warranties, and insures cybersecurity solutions for enterprise end-users. The company’s goal is to reduce the frequency, severity, and business impact of cyber incidents through innovative insurance policies.

Program Benefits for Sophos Customers In Australia

Cysurance has developed the most inclusive and affordable warranty and cyber insurance policies for Australian clients using Sophos Managed Detection and Response (MDR) and Sophos Endpoint solutions. These policies offer strong protection against financial losses from various cyber incidents, helping businesses operate confidently.

“The insurance covers first-party incident response, business interruption, digital data recovery, cyber extortion, and third-party liability costs due to threats like ransomware and social engineering. These programs are backed by carriers in the ‘Lloyds Syndicate,’ ensuring reliable coverage for ransomware attacks and incident response costs up to the policy’s total limit,” said Kirsten Bay, CEO of Cysurance.

Sophos MDR customers can bypass traditional application and underwriting processes as most customers will instantly qualify for discounted, high-quality cyber insurance policies. In the event of an incident, Cysurance’s extended ransomware protection will respond first. If this protection is exhausted, the cyber insurance will cover additional remediation expenses and other security or business continuity events up to the policy limits.

The benefits of this program for Sophos customers in Australia include a streamlined application process, automatic qualification for those using Sophos MDR, and reduced insurance costs, allowing businesses to allocate more resources to improving their security.

The program also offers extended protection for ransomware incidents, providing immediate financial resources to address the situation. It helps organisations manage and rationalise risks in today’s evolving cyber threat landscape, offering added peace of mind.

Local brokerage support in Australia is provided through the Howden Broking Group, LTD Insurance Brokers, ensuring customers can access assistance and guidance throughout the process

“As the threat landscape continues to increase in complexity most organisations can’t manage cybersecurity on their own and neither should they have to. This is why MDR has become an essential requirement for organisations to ensure they have the best defences to protect themselves,” said John Donovan, managing director, Sophos Australia.
“Cysurance recognises this and the value that Sophos’ 24/7 threat detection and response experts provide to mitigate cyber risk. Cysurance’s discounted insurance offering for Sophos customers is a testament to Sophos’ MDR capabilities and the effective security services we provide.”