CloudCover launched CloudCover App (CC-App), providing users with a portable Security Operations Center (SOC) capable of detecting, analyzing, responding, reporting, preventing and insuring against security threats. cybersecurity for an organization in real time and incrementally thanks to Android, Windows or Apple Smartphone.
With the CC application, C-suite executives and other executives will have complete visibility into their organization’s cybersecurity risks. The app tracks all IT network security events, including event type, network risk rating, and insurance premium costs.
“Ransomware attacks and data breaches continued to skyrocket throughout the year, and when an event occurs, the buck stops with an organization’s C-suite – they are the ones who are liable for damages,” said Stephen Cardot, Founder and CEO of CloudCover. . “Part of peace of mind about your company’s network security is having risk awareness, risk control, and risk transfer in the palm of your hand. We put that visibility into the hands of the people responsible for making decisions about the well-being and safety of the business.
To use the CC-App, a business will first need to complete CloudCover’s CyberSafety Registry. The register provides a corporate governance risk and compliance risk score based on a company’s industry, geography and business vertical. The register is able to calculate a company’s compliance risk and governance risk score and thus create an overall cybersecurity score, giving organizations a comprehensive and accurate view of the potential business disruption risk of their business.
Once the CyberSafety score has been calculated, organizations have the opportunity to test CloudCover’s CC/B1 CyberSafety platform. The platform will crawl the company’s network in 72 hours and the CC-App dashboard will begin to populate.
An organization can then make the decision to purchase cybersecurity protection using the CC/B1 platform. CyberSafety scoring is used to formulate CloudCover’s cybersecurity insurance (risk underwriting) leveraging CC/B1’s machine learning algorithms.
The launch of CC-App coincides with the company’s rollout of several offerings, all of which mark a new era for cybersecurity insurance:
- In September 2021, the company announced a $1 million ransomware guarantee for organizations that sign a three-year contract with its CC/B1 CyberSafety platform.
- In December 2021, the company announced that its patent application for the invention of a cybersecurity insurance platform that uses a real-time blockchain underwriting process had been approved.
- In December 2021, CloudCover Cyber Liability (CCCL) and Information Systems Business Interruption (ISBI) insurances were launched.
- CloudCover Cybersecurity Network Data Insurance is expected to follow in Q1 2022.