Cybersecurity company Bitdefender has announced a new cybersecurity breach warranty program for businesses that adopt its managed detection and response (MDR) services.
The program, which offers up to USD1 million in financial compensation in the wake of security incidents impacting operations, is delivered through a partnership with Cysurance.
The program comes at a time when business email compromise, credential theft, malware, phishing, platform vulnerabilities, and more, affect a rapidly growing number of organisations across all industries. In a recent survey of over 1,200 IT and security professionals in companies with 1,000 or more employees, over half experienced data breaches or leaks in the last 12 months.
“As the threat landscape grows increasingly complex, businesses should have confidence in the solutions that protect vital assets as well as access to financial resources that fund recovery efforts should a security incident occur,” said Cysurnace Co-founder and CEO Kirsten Bay. “Bitdefender’s MDR services have been certified by Cysurance to reduce the likelihood, severity and impact of cyber incidents.”
Bitdefender MDR provides continuous threat monitoring, detection and response, threat hunting, analyst-led recommendations, and security consulting.
Bitdefender worked closely with Cysurance to certify its MDR offerings to ensure controls are properly implemented for new and existing customers. The cybersecurity warranty addresses compliance and regulatory shortfalls, legal liability, and financial loss in the aftermath of an incident. The Cysurance Certification Warranty offers immediate financial protection at no additional cost for new or existing customers of MDR or MDR PLUS.
“We’re committed to delivering world-class MDR services that help businesses remain secure through continuous threat monitoring and eradication,” said Bitdefender’s Andrei Pisau. “Through our partnership with Cysurance, the new cybersecurity breach warranty provides peace of mind by offering our customers a financial safety net at no extra cost should any incident occur.”
