- Cowbell offers a team of in-house cyber professionals through its cyber insurance, claims, and risk engineering servicing, including seasoned cyber claims counsel and specialists.
- Cowbell manages ransom claims, with less than 25% of cases necessitating a ransom payment.
Cowbell Cyber Inc., a cybersecurity insurance provider, recently unveiled a brand-new 24-hour service that gives policyholders comprehensive support for risk reduction and incident response.
Every day of the week, 365 days a year, Cowbell 365 offers 24-hour accessibility while bringing knowledge and responsiveness from its internal team of cyber claims specialists and cyber risk engineers. The business contends that risk mitigation and incident readiness distinguish between low-impact and high-impact incidents that can cause weeks of business interruption, reputational damage, and other losses. Smaller organizations are more likely to be economically crippled by a major attack because they cannot frequently respond to incidents.
Here’s where Cowbell 365 comes into play. Cowbell offers a team of in-house cyber professionals through its cyber insurance, claims, and risk engineering servicing, including seasoned cyber claims counsel and specialists. Its risk engineers monitor the threat environment and help policyholders implement the best cybersecurity practices.
According to Theresa Le, chief claims officer at Cowbell, “Cyber incidents are the worst days in the professional life of many of our policyholders. We are proud to offer them 24/7 access to Cowbell cyber specialists to provide expert guidance when they need it the most.”
The new service, Manu Singh, vice president of risk engineering at Cowbell, added, “represents the ability of high-caliber experts in cyber claims and risk engineering to mitigate and strengthen the cyber risk posture of an organization, helping policyholders become proactive in their approach to cybersecurity and incident response mitigation.”
Cowbell also provided statistics on how it manages ransom claims, with less than 25% of cases necessitating a ransom payment. According to the number, most Cowbell policyholders have working backups and successful business continuity and recovery plans. The policyholders also have ransomware recovery techniques that don’t involve paying the threat actor.
Cowbell is a startup backed by venture capital, which recently raised USD 100 million in March. Some investors are Permira Advisers LLP, NYCA Partners LLC, PruVen Capital LLC, and Viola Fintech GP Ltd.